https://www.taxtmi.com/caselaws?id=422049 Where the predicate offences were closed or quashed on merits and the material did not establish proceeds of crime or a sustainable nexus with money laundering, continuation of prosecution under the Prevention of Money Laundering Act, 2002 was impermissible. The Court treated the closure of the principal FIR, quashing of connected FIRs, the income tax authority's letter showing the seized cash belonged to the firm and was recorded in its cash book, and the refusal to sustain attachment as significant circumstances. It held that the record did not prove the basis for the PMLA case to the required standard and that continuing the enforcement complaint would amount to abuse of process. The impugned HC order was set aside and the enforcement proceedings and connected complaint were quashed. en-us Thu, 05 May 2022 00:00:00 +0530 Fri, 19 Jun 2026 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422049 Where the predicate offences were closed or quashed on merits and the material did not establish proceeds of crime or a sustainable nexus with money laundering, continuation of prosecution under the Prevention of Money Laundering Act, 2002 was impermissible. The Court treated the closure of the principal FIR, quashing of connected FIRs, the income tax authority's letter showing the seized cash belonged to the firm and was recorded in its cash book, and the refusal to sustain attachment as significant circumstances. It held that the record did not prove the basis for the PMLA case to the required standard and that continuing the enforcement complaint would amount to abuse of process. The impugned HC order was set aside and the enforcement proceedings and connected complaint were quashed. Case-Laws Money Laundering Thu, 05 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422049