https://www.taxtmi.com/caselaws?id=407086 For prosecution under the Prevention of Money Laundering Act, 2002 to lie, there must be a demonstrable nexus between a scheduled offence and property derived or obtained from it as proceeds of crime. Allegations that did not themselves generate any property or illicit gain, and a speculative claim that benefits might have been denied if the true position had been disclosed, were insufficient to invoke the Act. A person cannot be proceeded against merely because of family association; there must be specific material showing that she derived, possessed, or concealed proceeds of crime. en-us Thu, 04 Feb 2021 00:00:00 +0530 Fri, 30 Apr 2021 08:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407086 For prosecution under the Prevention of Money Laundering Act, 2002 to lie, there must be a demonstrable nexus between a scheduled offence and property derived or obtained from it as proceeds of crime. Allegations that did not themselves generate any property or illicit gain, and a speculative claim that benefits might have been denied if the true position had been disclosed, were insufficient to invoke the Act. A person cannot be proceeded against merely because of family association; there must be specific material showing that she derived, possessed, or concealed proceeds of crime. Case-Laws Money Laundering Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407086