https://www.taxtmi.com/caselaws?id=753587 The Appellate Tribunal under SAFEMA allowed the appeal challenging provisional attachment orders under PMLA, 2002. The Tribunal held that money laundering charges cannot be sustained without a scheduled offence. Since the appellant was acquitted in all seven FIRs constituting scheduled offences under PMLA, and his wife was not accused of any scheduled offence, the foundation for the money laundering case collapsed. The Tribunal ruled that without scheduled offences, there cannot be proceeds of crime, rendering the provisional attachment order and its confirmation by the Adjudicating Authority invalid. en-us Mon, 06 May 2024 00:00:00 +0530 Wed, 05 Jun 2024 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753587 The Appellate Tribunal under SAFEMA allowed the appeal challenging provisional attachment orders under PMLA, 2002. The Tribunal held that money laundering charges cannot be sustained without a scheduled offence. Since the appellant was acquitted in all seven FIRs constituting scheduled offences under PMLA, and his wife was not accused of any scheduled offence, the foundation for the money laundering case collapsed. The Tribunal ruled that without scheduled offences, there cannot be proceeds of crime, rendering the provisional attachment order and its confirmation by the Adjudicating Authority invalid. Case-Laws Money Laundering Mon, 06 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753587