https://www.taxtmi.com/caselaws?id=750935 HC dismissed petition challenging PMLA proceedings. Court held that unconcluded predicate offence trial does not bar PMLA proceedings, citing SC precedent in Vijay Madanlal Choudhary. However, prosecution failed to establish crucial link between accused and property transactions. Complainant could not demonstrate that accused possessed or enjoyed the property allegedly purchased from proceeds of crime. Mere undervaluation in conveyance deed insufficient to prove money laundering without establishing connection between tainted money and predicate offence proceeds. PMLA prosecution requires material evidence linking accused to property possession and proving proceeds originated from scheduled offence. en-us Tue, 19 Mar 2024 00:00:00 +0530 Wed, 03 Apr 2024 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750935 HC dismissed petition challenging PMLA proceedings. Court held that unconcluded predicate offence trial does not bar PMLA proceedings, citing SC precedent in Vijay Madanlal Choudhary. However, prosecution failed to establish crucial link between accused and property transactions. Complainant could not demonstrate that accused possessed or enjoyed the property allegedly purchased from proceeds of crime. Mere undervaluation in conveyance deed insufficient to prove money laundering without establishing connection between tainted money and predicate offence proceeds. PMLA prosecution requires material evidence linking accused to property possession and proving proceeds originated from scheduled offence. Case-Laws Money Laundering Tue, 19 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750935