https://www.taxtmi.com/caselaws?id=752150 Delhi HC held that PMLA proceedings cannot continue after acquittal in predicate offence. Following SC precedent in Vijay Madanlal Choudhry, the court ruled that money laundering charges require actual scheduled offence, not notional basis. When accused were acquitted in predicate offence, the foundation for PMLA proceedings was knocked out, making attached properties no longer proceeds of crime. Special Judge correctly discharged respondents from PMLA offences and ordered release of attached properties. Mere filing of appeal against acquittal does not sustain PMLA proceedings. Petition dismissed. en-us Tue, 30 Apr 2024 00:00:00 +0530 Fri, 03 May 2024 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752150 Delhi HC held that PMLA proceedings cannot continue after acquittal in predicate offence. Following SC precedent in Vijay Madanlal Choudhry, the court ruled that money laundering charges require actual scheduled offence, not notional basis. When accused were acquitted in predicate offence, the foundation for PMLA proceedings was knocked out, making attached properties no longer proceeds of crime. Special Judge correctly discharged respondents from PMLA offences and ordered release of attached properties. Mere filing of appeal against acquittal does not sustain PMLA proceedings. Petition dismissed. Case-Laws Money Laundering Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752150