https://www.taxtmi.com/caselaws?id=306986 Proceedings under the Prevention of Money-laundering Act depend on an operative scheduled offence and the existence of criminal activity and proceeds of crime as jurisdictional facts. Where one predicate offence had been quashed and the remaining connected cases were stayed, the Court held that continuation of ECIR-based action and summons lacked the necessary jurisdictional foundation for the time being. It further stated that no money-laundering proceeding can survive against a person where the underlying criminal case has been quashed. Relief was granted and further action was restrained until the connected criminal proceedings attained finality. en-us Thu, 01 Sep 2022 00:00:00 +0530 Fri, 10 Mar 2023 20:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306986 Proceedings under the Prevention of Money-laundering Act depend on an operative scheduled offence and the existence of criminal activity and proceeds of crime as jurisdictional facts. Where one predicate offence had been quashed and the remaining connected cases were stayed, the Court held that continuation of ECIR-based action and summons lacked the necessary jurisdictional foundation for the time being. It further stated that no money-laundering proceeding can survive against a person where the underlying criminal case has been quashed. Relief was granted and further action was restrained until the connected criminal proceedings attained finality. Case-Laws Money Laundering Thu, 01 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306986