https://www.taxtmi.com/caselaws?id=434433 PMLA attachment depends on a subsisting scheduled offence and a demonstrated connection between the attached property and proceeds of crime. Where a lender is not arraigned in the predicate offence, the scheduled offence has been closed, and relevant accused persons have been discharged, continued money-laundering proceedings and provisional attachment lack their required foundation. Property held by such an unaccused lender cannot continue to be treated as proceeds of crime once the predicate offence has finally ceased. The attached flats were consequently required to be released. en-us Thu, 16 Feb 2023 00:00:00 +0530 Thu, 23 Feb 2023 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434433 PMLA attachment depends on a subsisting scheduled offence and a demonstrated connection between the attached property and proceeds of crime. Where a lender is not arraigned in the predicate offence, the scheduled offence has been closed, and relevant accused persons have been discharged, continued money-laundering proceedings and provisional attachment lack their required foundation. Property held by such an unaccused lender cannot continue to be treated as proceeds of crime once the predicate offence has finally ceased. The attached flats were consequently required to be released. Case-Laws Money Laundering Thu, 16 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434433