https://www.taxtmi.com/caselaws?id=435259 Proceedings under the Prevention of Money Laundering Act, 2002 depend on a surviving predicate scheduled offence. Here, the ECIR was registered solely on an FIR alleging scheduled offences, but the FIR was later closed by a C Summary report, the protest petition was rejected, and that closure attained finality. The Court applied the settled principle that where the accused is finally absolved of the scheduled offence by discharge, acquittal, or quashing, money-laundering prosecution in relation to that alleged criminal activity cannot continue. With the foundational offence no longer surviving, the ECIR had no independent basis and was liable to be quashed. en-us Thu, 23 Feb 2023 00:00:00 +0530 Wed, 15 Mar 2023 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435259 Proceedings under the Prevention of Money Laundering Act, 2002 depend on a surviving predicate scheduled offence. Here, the ECIR was registered solely on an FIR alleging scheduled offences, but the FIR was later closed by a C Summary report, the protest petition was rejected, and that closure attained finality. The Court applied the settled principle that where the accused is finally absolved of the scheduled offence by discharge, acquittal, or quashing, money-laundering prosecution in relation to that alleged criminal activity cannot continue. With the foundational offence no longer surviving, the ECIR had no independent basis and was liable to be quashed. Case-Laws Money Laundering Thu, 23 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435259