https://www.taxtmi.com/caselaws?id=434516 Provisional attachment under the Prevention of Money Laundering Act cannot continue once the scheduled offence is closed and the persons concerned are discharged in connected money-laundering proceedings. Money-laundering depends on criminal activity relating to a scheduled offence and the existence of corresponding proceeds of crime. Final discharge or acquittal in the scheduled offence, or cessation of that offence itself, removes the legal foundation for continuing PMLA action. The provisional attachment was therefore liable to be quashed, and the attached properties were required 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 once the scheduled offence is closed and the persons concerned are discharged in connected money-laundering proceedings. Money-laundering depends on criminal activity relating to a scheduled offence and the existence of corresponding proceeds of crime. Final discharge or acquittal in the scheduled offence, or cessation of that offence itself, removes the legal foundation for continuing PMLA action. The provisional attachment was therefore liable to be quashed, and the attached properties were required to be released. Case-Laws Money Laundering Thu, 16 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434516