https://www.taxtmi.com/caselaws?id=196512 Prosecution under the Prevention of Money Laundering Act could not be sustained for conduct said to have occurred before the relevant corruption offences were brought within the statutory schedule by the 2009 amendment. The alleged transactions were traced to 2008, so fastening penal liability for that period would amount to retrospective criminal liability. Article 20(1) bars prosecution for an offence not punishable when the conduct occurred. The discharge refusal was therefore set aside and the money-laundering proceedings against the petitioners were terminated. en-us Thu, 14 Sep 2017 00:00:00 +0530 Sun, 03 Dec 2017 10:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196512 Prosecution under the Prevention of Money Laundering Act could not be sustained for conduct said to have occurred before the relevant corruption offences were brought within the statutory schedule by the 2009 amendment. The alleged transactions were traced to 2008, so fastening penal liability for that period would amount to retrospective criminal liability. Article 20(1) bars prosecution for an offence not punishable when the conduct occurred. The discharge refusal was therefore set aside and the money-laundering proceedings against the petitioners were terminated. Case-Laws Money Laundering Thu, 14 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196512