https://www.taxtmi.com/caselaws?id=427017 Prosecution for money-laundering under Section 3 of the Prevention of Money-Laundering Act, 2002 depends on the existence of criminal activity relating to a scheduled offence, or at least a pending investigation or trial in that offence. Once the person concerned has been finally discharged, acquitted, or the scheduled criminal case has been quashed, the foundation for alleging proceeds of crime and continuing money-laundering proceedings against that person disappears. On the stated facts, the accused had already been acquitted in the scheduled offence and the appellants were not themselves accused of any scheduled offence, so proceedings under the Act could not be sustained and the discharge order was upheld. en-us Tue, 16 Aug 2022 00:00:00 +0530 Wed, 31 Aug 2022 07:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427017 Prosecution for money-laundering under Section 3 of the Prevention of Money-Laundering Act, 2002 depends on the existence of criminal activity relating to a scheduled offence, or at least a pending investigation or trial in that offence. Once the person concerned has been finally discharged, acquitted, or the scheduled criminal case has been quashed, the foundation for alleging proceeds of crime and continuing money-laundering proceedings against that person disappears. On the stated facts, the accused had already been acquitted in the scheduled offence and the appellants were not themselves accused of any scheduled offence, so proceedings under the Act could not be sustained and the discharge order was upheld. Case-Laws Money Laundering Tue, 16 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427017