https://www.taxtmi.com/caselaws?id=752415 A money-laundering complaint cannot be sustained unless it is founded on a scheduled offence, because proceeds of crime are a statutory precondition for liability under Section 3 of the PMLA. Where the alleged predicate offences under the Income-tax Act and the IPC, other than a conspiracy charge, are not scheduled offences and no conspiracy to commit a scheduled offence is pleaded, the complaint fails to disclose the offence of money-laundering and is liable to be quashed to that extent. The Special Court must also follow the CrPC complaint procedure under Sections 200 to 204 before taking cognizance, but that exercise is unnecessary where no prima facie PMLA offence is made out. en-us Mon, 08 Apr 2024 00:00:00 +0530 Thu, 09 May 2024 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752415 A money-laundering complaint cannot be sustained unless it is founded on a scheduled offence, because proceeds of crime are a statutory precondition for liability under Section 3 of the PMLA. Where the alleged predicate offences under the Income-tax Act and the IPC, other than a conspiracy charge, are not scheduled offences and no conspiracy to commit a scheduled offence is pleaded, the complaint fails to disclose the offence of money-laundering and is liable to be quashed to that extent. The Special Court must also follow the CrPC complaint procedure under Sections 200 to 204 before taking cognizance, but that exercise is unnecessary where no prima facie PMLA offence is made out. Case-Laws Money Laundering Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752415