https://www.taxtmi.com/caselaws?id=432126 Prosecution under the Prevention of Money Laundering Act, 2002 is not dependent on any minimum amount of attached proceeds of crime. The offence under Sections 3 and 4 is independent of the scheduled offence and is made out by involvement with proceeds of crime, while attachment operates as a separate civil consequence and does not control the maintainability of criminal proceedings. The court also treated money laundering as a continuing offence and held that the relevant inquiry is the total proceeds of crime involved, not merely the amount attached at a particular stage. The challenge to quash the complaint on the basis of a sub-one-crore attachment therefore failed, and the proceedings were held maintainable. en-us Mon, 19 Dec 2022 00:00:00 +0530 Thu, 29 Dec 2022 09:12:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432126 Prosecution under the Prevention of Money Laundering Act, 2002 is not dependent on any minimum amount of attached proceeds of crime. The offence under Sections 3 and 4 is independent of the scheduled offence and is made out by involvement with proceeds of crime, while attachment operates as a separate civil consequence and does not control the maintainability of criminal proceedings. The court also treated money laundering as a continuing offence and held that the relevant inquiry is the total proceeds of crime involved, not merely the amount attached at a particular stage. The challenge to quash the complaint on the basis of a sub-one-crore attachment therefore failed, and the proceedings were held maintainable. Case-Laws Money Laundering Mon, 19 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432126