https://www.taxtmi.com/caselaws?id=351829 Retrospective penal operation under the Prevention of Money Laundering Act, 2002 was held impermissible where the alleged predicate conduct and the relevant scheduled-offence regime predated the amendment bringing the underlying offence within the Schedule. Article 20(1) was relied on to exclude criminal liability for conduct not punishable in the relevant form at the time. The provisional attachment under section 5 also could not survive once the connected PMLA proceedings were quashed, because the statutory foundation for attachment and the required "reason to believe" were no longer sustainable. The attached properties were directed to be released. en-us Tue, 28 Nov 2017 00:00:00 +0530 Sat, 02 Dec 2017 10:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351829 Retrospective penal operation under the Prevention of Money Laundering Act, 2002 was held impermissible where the alleged predicate conduct and the relevant scheduled-offence regime predated the amendment bringing the underlying offence within the Schedule. Article 20(1) was relied on to exclude criminal liability for conduct not punishable in the relevant form at the time. The provisional attachment under section 5 also could not survive once the connected PMLA proceedings were quashed, because the statutory foundation for attachment and the required "reason to believe" were no longer sustainable. The attached properties were directed to be released. Case-Laws Money Laundering Tue, 28 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351829