https://www.taxtmi.com/caselaws?id=755335 Delhi HC set aside attachment of bank accounts in money laundering case involving illegal kidney transplantation racket. Court held that once accused was acquitted in scheduled offence (predicate crime), PMLA proceedings cannot sustain as they require existence of underlying criminal offence. Following SC precedent in Pavana Dibbur and other HC decisions, court ruled that attachment proceedings are unsustainable without valid scheduled offence, as appellants cannot be involved in proceeds of crime activities when predicate offence itself fails. Appeal allowed. en-us Mon, 08 Apr 2024 00:00:00 +0530 Wed, 10 Jul 2024 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755335 Delhi HC set aside attachment of bank accounts in money laundering case involving illegal kidney transplantation racket. Court held that once accused was acquitted in scheduled offence (predicate crime), PMLA proceedings cannot sustain as they require existence of underlying criminal offence. Following SC precedent in Pavana Dibbur and other HC decisions, court ruled that attachment proceedings are unsustainable without valid scheduled offence, as appellants cannot be involved in proceeds of crime activities when predicate offence itself fails. Appeal allowed. Case-Laws Money Laundering Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755335