https://www.taxtmi.com/caselaws?id=448432 Proceedings under the Prevention of Money Laundering Act, 2002 depend on the existence of a subsisting scheduled offence and property derived from criminal activity linked to that offence. Where the accused in the predicate offence has been finally discharged, acquitted, or the scheduled offence has been quashed, the foundation for a money-laundering prosecution ceases to exist. Applying that principle, the document states that the final acquittal of the co-accused in the predicate case meant the complaint, ECIR, and connected PMLA proceedings could not survive and were quashed. en-us Mon, 15 Jan 2024 00:00:00 +0530 Thu, 18 Jan 2024 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448432 Proceedings under the Prevention of Money Laundering Act, 2002 depend on the existence of a subsisting scheduled offence and property derived from criminal activity linked to that offence. Where the accused in the predicate offence has been finally discharged, acquitted, or the scheduled offence has been quashed, the foundation for a money-laundering prosecution ceases to exist. Applying that principle, the document states that the final acquittal of the co-accused in the predicate case meant the complaint, ECIR, and connected PMLA proceedings could not survive and were quashed. Case-Laws Money Laundering Mon, 15 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448432