https://www.taxtmi.com/caselaws?id=311698 Proceedings under the Prevention of Money-laundering Act, 2002 cannot continue once the predicate offences are quashed, because the existence of "proceeds of crime" derived from a scheduled offence is a jurisdictional prerequisite. The Court held that, after the competent court set aside the predicate offences, the alleged link between the property and criminal activity relating to a scheduled offence ceased to exist. Accordingly, the provisional attachment and the consequential complaint could not be sustained and were liable to be set aside, with release of the attachment. en-us Wed, 09 Aug 2023 00:00:00 +0530 Tue, 09 Jan 2024 11:51:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311698 Proceedings under the Prevention of Money-laundering Act, 2002 cannot continue once the predicate offences are quashed, because the existence of "proceeds of crime" derived from a scheduled offence is a jurisdictional prerequisite. The Court held that, after the competent court set aside the predicate offences, the alleged link between the property and criminal activity relating to a scheduled offence ceased to exist. Accordingly, the provisional attachment and the consequential complaint could not be sustained and were liable to be set aside, with release of the attachment. Case-Laws Money Laundering Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311698