https://www.taxtmi.com/caselaws?id=313376 Delhi HC held that money laundering proceedings under PMLA require involvement in activities connected with proceeds of crime and projection of such property as untainted. The court ruled that acquittal of accused from predicate offence under IPC Section 307 and Transplantation of Human Organs Act in illegal kidney transplantation case, along with quashing of criminal proceedings, necessitates cessation of attachment proceedings. Following precedents, the court determined that PMLA proceedings cannot exist independently without scheduled offence. Since trial court acquitted one accused and HC quashed proceedings against another, attachment proceedings were unsustainable as appellants could not be involved in proceeds of crime activities. Appeal disposed. en-us Sat, 08 Apr 2023 00:00:00 +0530 Tue, 09 Apr 2024 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313376 Delhi HC held that money laundering proceedings under PMLA require involvement in activities connected with proceeds of crime and projection of such property as untainted. The court ruled that acquittal of accused from predicate offence under IPC Section 307 and Transplantation of Human Organs Act in illegal kidney transplantation case, along with quashing of criminal proceedings, necessitates cessation of attachment proceedings. Following precedents, the court determined that PMLA proceedings cannot exist independently without scheduled offence. Since trial court acquitted one accused and HC quashed proceedings against another, attachment proceedings were unsustainable as appellants could not be involved in proceeds of crime activities. Appeal disposed. Case-Laws Money Laundering Sat, 08 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313376