https://www.taxtmi.com/caselaws?id=299140 Proceeds of crime derived from criminal activity relating to a scheduled offence are indispensable to money-laundering. Acquittal in the scheduled offence removes the foundation for characterising alleged property as proceeds of crime; without that foundation, no process or activity can constitute money-laundering. Where money-laundering is found not to have occurred, attached property cannot be retained or confiscated and must be released to the persons entitled to receive it after expiry of the appeal period. The statutory finding is treated as conclusive once the alleged offence is negated. 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 Proceeds of crime derived from criminal activity relating to a scheduled offence are indispensable to money-laundering. Acquittal in the scheduled offence removes the foundation for characterising alleged property as proceeds of crime; without that foundation, no process or activity can constitute money-laundering. Where money-laundering is found not to have occurred, attached property cannot be retained or confiscated and must be released to the persons entitled to receive it after expiry of the appeal period. The statutory finding is treated as conclusive once the alleged offence is negated. Case-Laws Money Laundering Thu, 21 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299140