https://www.taxtmi.com/caselaws?id=436145 A Look Out Circular may not be sustained where no prosecution complaint has been filed under the Prevention of Money Laundering Act, no subsisting scheduled offence remains to support the money-laundering trigger, and no credible material shows non-cooperation or a real risk of absconding. The court found that the petitioner's connection with the proceedings had materially weakened, the alleged apprehension was unsupported by evidence, and the safeguards in the Ministry of Home Affairs circular governing Look Out Circulars were not shown to have been met. The Look Out Circular was therefore quashed. en-us Wed, 29 Mar 2023 00:00:00 +0530 Thu, 06 Apr 2023 08:24:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436145 A Look Out Circular may not be sustained where no prosecution complaint has been filed under the Prevention of Money Laundering Act, no subsisting scheduled offence remains to support the money-laundering trigger, and no credible material shows non-cooperation or a real risk of absconding. The court found that the petitioner's connection with the proceedings had materially weakened, the alleged apprehension was unsupported by evidence, and the safeguards in the Ministry of Home Affairs circular governing Look Out Circulars were not shown to have been met. The Look Out Circular was therefore quashed. Case-Laws Money Laundering Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436145