https://www.taxtmi.com/caselaws?id=446192 The Patna HC quashed proceedings under PMLA against a petitioner who was acquitted in the predicate offence trial. The court relied on Vijay Madanlal Choudhary v. Union of India, holding that money laundering action cannot proceed when a person is finally absolved by a competent court through discharge, acquittal, or quashing of the scheduled offence. The HC quashed the Sessions Court order taking cognizance under Section 4 of PMLA and summoning the petitioner, ruling that no money laundering action can be taken against someone acquitted of the underlying criminal activity. en-us Mon, 09 Oct 2023 00:00:00 +0530 Tue, 28 Nov 2023 07:41:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446192 The Patna HC quashed proceedings under PMLA against a petitioner who was acquitted in the predicate offence trial. The court relied on Vijay Madanlal Choudhary v. Union of India, holding that money laundering action cannot proceed when a person is finally absolved by a competent court through discharge, acquittal, or quashing of the scheduled offence. The HC quashed the Sessions Court order taking cognizance under Section 4 of PMLA and summoning the petitioner, ruling that no money laundering action can be taken against someone acquitted of the underlying criminal activity. Case-Laws Money Laundering Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446192