https://www.taxtmi.com/caselaws?id=432763 Money-laundering liability under the Prevention of Money Laundering Act depends on the existence of a scheduled offence and corresponding proceeds of crime. Where the predicate FIR offences were dropped in the chargesheet, the Court treated the foundational scheduled offence as absent and held that prosecution under Section 3 could not be sustained on that basis. On the facts stated, bail was granted because no surviving scheduled offence or proceeds of crime remained against the accused. en-us Mon, 09 Jan 2023 00:00:00 +0530 Fri, 13 Jan 2023 07:00:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432763 Money-laundering liability under the Prevention of Money Laundering Act depends on the existence of a scheduled offence and corresponding proceeds of crime. Where the predicate FIR offences were dropped in the chargesheet, the Court treated the foundational scheduled offence as absent and held that prosecution under Section 3 could not be sustained on that basis. On the facts stated, bail was granted because no surviving scheduled offence or proceeds of crime remained against the accused. Case-Laws Money Laundering Mon, 09 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432763