https://www.taxtmi.com/caselaws?id=410556 Prosecution under the Prevention of Money Laundering Act, 2002 requires a criminal activity generating proceeds of crime and a further act of projecting those proceeds as untainted property. On the pleaded facts, the alleged amount had already been seized in the underlying corruption case, and the complaint did not identify any proceeds of crime acquired by the petitioner or any projection of such property as clean money. The separate Asan Memorial allegations did not cure this defect, as the petitioner was already found not involved in the predicate bribe transaction. The prosecution was therefore unsustainable and liable to be quashed. en-us Wed, 14 Jul 2021 00:00:00 +0530 Wed, 04 Aug 2021 08:35:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410556 Prosecution under the Prevention of Money Laundering Act, 2002 requires a criminal activity generating proceeds of crime and a further act of projecting those proceeds as untainted property. On the pleaded facts, the alleged amount had already been seized in the underlying corruption case, and the complaint did not identify any proceeds of crime acquired by the petitioner or any projection of such property as clean money. The separate Asan Memorial allegations did not cure this defect, as the petitioner was already found not involved in the predicate bribe transaction. The prosecution was therefore unsustainable and liable to be quashed. Case-Laws Money Laundering Wed, 14 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410556