https://www.taxtmi.com/caselaws?id=434516 Provisional attachment under the Prevention of Money Laundering Act cannot continue where the scheduled offence and connected PMLA proceedings have been closed and the accused have been discharged. Applying Vijay Madanlal Choudhary, the article states that money-laundering liability depends on the existence of criminal activity relating to a scheduled offence and corresponding proceeds of crime; once the scheduled offence no longer survives, the foundation for further PMLA action falls away. The same principle is noted as having been followed in later Supreme Court and Delhi High Court rulings on provisional attachment, with the attached properties liable to be released. en-us Thu, 16 Feb 2023 00:00:00 +0530 Mon, 04 Sep 2023 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434516 Provisional attachment under the Prevention of Money Laundering Act cannot continue where the scheduled offence and connected PMLA proceedings have been closed and the accused have been discharged. Applying Vijay Madanlal Choudhary, the article states that money-laundering liability depends on the existence of criminal activity relating to a scheduled offence and corresponding proceeds of crime; once the scheduled offence no longer survives, the foundation for further PMLA action falls away. The same principle is noted as having been followed in later Supreme Court and Delhi High Court rulings on provisional attachment, with the attached properties liable to be released. Case-Laws Money Laundering Thu, 16 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434516