https://www.taxtmi.com/caselaws?id=194055 A money laundering prosecution under section 3 of the Prevention of Money Laundering Act must rest on a prima facie nexus with proceeds of crime. Although absence of conviction in the scheduled offence does not by itself bar proceedings, the complaint must still disclose material linking the accused to such proceeds. Here, the petitioner had been finally discharged from the scheduled offences, that fact was not disclosed in the complaint, and the properties relied on were either acquired before the alleged crime period or were otherwise explained. The summoning order was therefore passed without proper application of mind and was set aside. en-us Tue, 10 May 2016 00:00:00 +0530 Mon, 28 Aug 2017 09:56:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194055 A money laundering prosecution under section 3 of the Prevention of Money Laundering Act must rest on a prima facie nexus with proceeds of crime. Although absence of conviction in the scheduled offence does not by itself bar proceedings, the complaint must still disclose material linking the accused to such proceeds. Here, the petitioner had been finally discharged from the scheduled offences, that fact was not disclosed in the complaint, and the properties relied on were either acquired before the alleged crime period or were otherwise explained. The summoning order was therefore passed without proper application of mind and was set aside. Case-Laws Money Laundering Tue, 10 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194055