https://www.taxtmi.com/caselaws?id=296689 Proceedings under the Prevention of Money Laundering Act, 2002 are not automatically vitiated because the scheduled offence has been closed by a closure report. The scheduled offence is a foundational pre-condition for invoking the Act, but money laundering remains an independent offence focused on concealment, possession, acquisition, use, or projection of proceeds of crime as untainted. The statutory scheme, including the explanation to Section 44(1), indicates that Special Court jurisdiction under the Act does not depend on the fate of the predicate case. Accordingly, closure of the predicate FIR does not by itself extinguish PMLA prosecution, and quashment on that ground alone is not warranted. en-us Thu, 04 Feb 2021 00:00:00 +0530 Tue, 03 Aug 2021 09:11:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296689 Proceedings under the Prevention of Money Laundering Act, 2002 are not automatically vitiated because the scheduled offence has been closed by a closure report. The scheduled offence is a foundational pre-condition for invoking the Act, but money laundering remains an independent offence focused on concealment, possession, acquisition, use, or projection of proceeds of crime as untainted. The statutory scheme, including the explanation to Section 44(1), indicates that Special Court jurisdiction under the Act does not depend on the fate of the predicate case. Accordingly, closure of the predicate FIR does not by itself extinguish PMLA prosecution, and quashment on that ground alone is not warranted. Case-Laws Money Laundering Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296689