https://www.taxtmi.com/caselaws?id=405425 A scheduled offence is necessary to trigger proceedings under the Prevention of Money-Laundering Act, 2002, but once money-laundering is registered, the investigation proceeds independently. The closure, compromise, compounding or quashing of the predicate offence does not by itself extinguish the PMLA case or stop inquiry into the proceeds of crime and laundering activity. Continued custody was supported by the need for further investigation into the alleged laundering trail. The challenge to continued detention failed, and the applications were dismissed. en-us Tue, 16 Mar 2021 00:00:00 +0530 Fri, 19 Mar 2021 09:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405425 A scheduled offence is necessary to trigger proceedings under the Prevention of Money-Laundering Act, 2002, but once money-laundering is registered, the investigation proceeds independently. The closure, compromise, compounding or quashing of the predicate offence does not by itself extinguish the PMLA case or stop inquiry into the proceeds of crime and laundering activity. Continued custody was supported by the need for further investigation into the alleged laundering trail. The challenge to continued detention failed, and the applications were dismissed. Case-Laws Money Laundering Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405425