https://www.taxtmi.com/caselaws?id=406171 Closure of the scheduled offence was held not to extinguish PMLA proceedings, because money-laundering under Section 3 is treated as a distinct and continuing offence linked to the proceeds of crime and their concealment, possession, acquisition, use, or projection as untainted property. On that basis, acceptance of the closure report did not defeat the remand jurisdiction or bar continuation of investigation. The Court also found that investigation remained in progress, sufficient grounds existed to extend judicial custody under Section 167 CrPC, and the accused's request for release on bond was refused at that stage. en-us Mon, 15 Feb 2021 00:00:00 +0530 Wed, 07 Apr 2021 21:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406171 Closure of the scheduled offence was held not to extinguish PMLA proceedings, because money-laundering under Section 3 is treated as a distinct and continuing offence linked to the proceeds of crime and their concealment, possession, acquisition, use, or projection as untainted property. On that basis, acceptance of the closure report did not defeat the remand jurisdiction or bar continuation of investigation. The Court also found that investigation remained in progress, sufficient grounds existed to extend judicial custody under Section 167 CrPC, and the accused's request for release on bond was refused at that stage. Case-Laws Money Laundering Mon, 15 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406171