https://www.taxtmi.com/caselaws?id=312863 PMLA prosecution requires a scheduled offence and corresponding proceeds of crime. The Madras HC held that a conspiracy conviction under Section 120-B IPC does not satisfy that requirement unless the conspiracy is to commit an offence already included in the PMLA Schedule. Because the underlying offence here was not a scheduled offence, the complaint lacked statutory foundation and was not maintainable. The Court also held that the communication withholding compensation and the provisional attachment order were only consequential to the invalid PMLA proceedings, so they could not survive and were set aside as without jurisdiction. en-us Fri, 05 Jan 2024 00:00:00 +0530 Tue, 12 Mar 2024 14:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312863 PMLA prosecution requires a scheduled offence and corresponding proceeds of crime. The Madras HC held that a conspiracy conviction under Section 120-B IPC does not satisfy that requirement unless the conspiracy is to commit an offence already included in the PMLA Schedule. Because the underlying offence here was not a scheduled offence, the complaint lacked statutory foundation and was not maintainable. The Court also held that the communication withholding compensation and the provisional attachment order were only consequential to the invalid PMLA proceedings, so they could not survive and were set aside as without jurisdiction. Case-Laws Money Laundering Fri, 05 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312863