https://www.taxtmi.com/caselaws?id=431023 Anticipatory bail under the Prevention of Money Laundering Act, 2002 was considered on the basis that a money-laundering prosecution must rest on a live scheduled offence and cannot proceed on a purely notional footing. The text notes reliance on the principle that, where the scheduled offence has failed and the accused has been finally discharged or acquitted, the foundation for proceedings under the money-laundering law does not survive. Applying that approach to the facts, the applicant was found entitled to protection from arrest, and anticipatory bail was granted subject to conditions. en-us Fri, 04 Nov 2022 00:00:00 +0530 Sat, 03 Dec 2022 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431023 Anticipatory bail under the Prevention of Money Laundering Act, 2002 was considered on the basis that a money-laundering prosecution must rest on a live scheduled offence and cannot proceed on a purely notional footing. The text notes reliance on the principle that, where the scheduled offence has failed and the accused has been finally discharged or acquitted, the foundation for proceedings under the money-laundering law does not survive. Applying that approach to the facts, the applicant was found entitled to protection from arrest, and anticipatory bail was granted subject to conditions. Case-Laws Money Laundering Fri, 04 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431023