https://www.taxtmi.com/caselaws?id=446192 Proceedings under the Prevention of Money Laundering Act cannot continue where the person has been finally acquitted of the predicate scheduled offence. The Act depends on property being derived from criminal activity relating to a scheduled offence, so once acquittal removes the underlying offence, the linked property no longer qualifies as proceeds of crime. On that basis, continued action under the Act, including cognizance and summons based on the same predicate offences, is unsustainable and liable to be quashed. 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 Proceedings under the Prevention of Money Laundering Act cannot continue where the person has been finally acquitted of the predicate scheduled offence. The Act depends on property being derived from criminal activity relating to a scheduled offence, so once acquittal removes the underlying offence, the linked property no longer qualifies as proceeds of crime. On that basis, continued action under the Act, including cognizance and summons based on the same predicate offences, is unsustainable and liable to be quashed. Case-Laws Money Laundering Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446192