https://www.taxtmi.com/caselaws?id=436640 Proceedings under the Prevention of Money-laundering Act, 2002 cannot survive once the underlying scheduled offence has been quashed by a competent court. The continuation of a money-laundering case depends on the existence of a valid predicate offence; without that foundation, the allegation of laundering loses its legal basis. The authorities cannot sustain prosecution on a mere notional assumption that a scheduled offence exists. On that reasoning, the PMLA proceedings were held unsustainable and quashed. en-us Tue, 28 Mar 2023 00:00:00 +0530 Mon, 17 Apr 2023 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436640 Proceedings under the Prevention of Money-laundering Act, 2002 cannot survive once the underlying scheduled offence has been quashed by a competent court. The continuation of a money-laundering case depends on the existence of a valid predicate offence; without that foundation, the allegation of laundering loses its legal basis. The authorities cannot sustain prosecution on a mere notional assumption that a scheduled offence exists. On that reasoning, the PMLA proceedings were held unsustainable and quashed. Case-Laws Money Laundering Tue, 28 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436640