https://www.taxtmi.com/caselaws?id=299140 Money-laundering, the text explains, requires identifiable proceeds of crime derived from a scheduled offence and projected as untainted; if acquittal in the predicate offence removes that foundation, the charge cannot be sustained. It further states that where the Special Court finds that money-laundering has not taken place, attached property must be released to the entitled person, and confiscation cannot continue once the offence is negatived. On that basis, the note records that the prosecution fails when the proceeds-of-crime foundation is not established and the attachment cannot survive the acquittal. en-us Thu, 21 Dec 2017 00:00:00 +0530 Sun, 05 Dec 2021 14:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299140 Money-laundering, the text explains, requires identifiable proceeds of crime derived from a scheduled offence and projected as untainted; if acquittal in the predicate offence removes that foundation, the charge cannot be sustained. It further states that where the Special Court finds that money-laundering has not taken place, attached property must be released to the entitled person, and confiscation cannot continue once the offence is negatived. On that basis, the note records that the prosecution fails when the proceeds-of-crime foundation is not established and the attachment cannot survive the acquittal. Case-Laws Money Laundering Thu, 21 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299140