https://www.taxtmi.com/caselaws?id=292957 The PMLA does not require prior conviction or final disposal of the scheduled offence before prosecution and trial for money laundering can proceed. On the statutory scheme, the offence under Section 3 is linked to proceeds of crime arising from a scheduled offence, but attachment, adjudication, cognizance and trial may move forward independently, and the Special Court can deal with both the scheduled offence and the PMLA case. Section 71 gives the Act overriding effect over inconsistent laws. The practical effect is that the Special Court is competent to proceed simultaneously with both trials; completion of the scheduled-offence trial is not a prerequisite. en-us Tue, 19 Feb 2013 00:00:00 +0530 Wed, 12 Jul 2023 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292957 The PMLA does not require prior conviction or final disposal of the scheduled offence before prosecution and trial for money laundering can proceed. On the statutory scheme, the offence under Section 3 is linked to proceeds of crime arising from a scheduled offence, but attachment, adjudication, cognizance and trial may move forward independently, and the Special Court can deal with both the scheduled offence and the PMLA case. Section 71 gives the Act overriding effect over inconsistent laws. The practical effect is that the Special Court is competent to proceed simultaneously with both trials; completion of the scheduled-offence trial is not a prerequisite. Case-Laws Money Laundering Tue, 19 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292957