https://www.taxtmi.com/caselaws?id=429729 An offence under Section 3 of the Prevention of Money Laundering Act is dependent on a scheduled offence and alleged proceeds of crime arising from it. Where the predicate offence has ended in final acquittal, discharge, or quashing, the basis for continuing money-laundering proceedings disappears, and prosecution cannot rest on a mere assumption that the scheduled offence exists. The court applied this principle to hold that the charge and proceedings could not survive after the underlying criminal case had concluded in favour of the accused, and the petitions were allowed with the PMLA proceedings quashed as an abuse of process. en-us Wed, 24 Aug 2022 00:00:00 +0530 Sat, 19 Nov 2022 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429729 An offence under Section 3 of the Prevention of Money Laundering Act is dependent on a scheduled offence and alleged proceeds of crime arising from it. Where the predicate offence has ended in final acquittal, discharge, or quashing, the basis for continuing money-laundering proceedings disappears, and prosecution cannot rest on a mere assumption that the scheduled offence exists. The court applied this principle to hold that the charge and proceedings could not survive after the underlying criminal case had concluded in favour of the accused, and the petitions were allowed with the PMLA proceedings quashed as an abuse of process. Case-Laws Money Laundering Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429729