https://www.taxtmi.com/caselaws?id=393058 Proceedings under the Prevention of Money Laundering Act must rest on a legally sustainable nexus between the alleged criminal activity and identifiable proceeds of crime. Where the complaint's foundation shifted during investigation and the material ultimately relied upon was only the cost of uninstalled pollution control equipment, the court held that the trial court should have examined whether that amount could properly constitute proceeds of crime before refusing discharge. The rejection of discharge was therefore unsustainable, the order was set aside, and the matter was remanded for fresh consideration on the existing record. en-us Fri, 28 Feb 2020 00:00:00 +0530 Thu, 05 Mar 2020 10:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393058 Proceedings under the Prevention of Money Laundering Act must rest on a legally sustainable nexus between the alleged criminal activity and identifiable proceeds of crime. Where the complaint's foundation shifted during investigation and the material ultimately relied upon was only the cost of uninstalled pollution control equipment, the court held that the trial court should have examined whether that amount could properly constitute proceeds of crime before refusing discharge. The rejection of discharge was therefore unsustainable, the order was set aside, and the matter was remanded for fresh consideration on the existing record. Case-Laws Money Laundering Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393058