https://www.taxtmi.com/caselaws?id=309175 Section 3 of the Prevention of Money Laundering Act is dependent on the existence of proceeds of crime arising from a scheduled offence, and that statutory foundation cannot be presumed in the abstract. Although Section 44 contemplates that the scheduled offence and the money-laundering offence may be tried by the same Special Court and need not amount to a joint trial, the court held that a money-laundering prosecution cannot be sustained independently where the scheduled offence does not provide a legally sustainable basis for proceeds of crime. The direction allowing the money-laundering case to proceed ahead of the scheduled-offence case was set aside, and the impugned order was quashed. en-us Thu, 08 Sep 2022 00:00:00 +0530 Tue, 15 Aug 2023 14:43:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309175 Section 3 of the Prevention of Money Laundering Act is dependent on the existence of proceeds of crime arising from a scheduled offence, and that statutory foundation cannot be presumed in the abstract. Although Section 44 contemplates that the scheduled offence and the money-laundering offence may be tried by the same Special Court and need not amount to a joint trial, the court held that a money-laundering prosecution cannot be sustained independently where the scheduled offence does not provide a legally sustainable basis for proceeds of crime. The direction allowing the money-laundering case to proceed ahead of the scheduled-offence case was set aside, and the impugned order was quashed. Case-Laws Money Laundering Thu, 08 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309175