https://www.taxtmi.com/caselaws?id=756186 Money-laundering proceedings under the Prevention of Money Laundering Act, 2002 depend on a subsisting scheduled offence and alleged proceeds of crime arising from it. Where the accused in the predicate offence is finally acquitted, discharged, or the scheduled offence is quashed by a competent court, the foundational basis for prosecution under section 3 no longer survives. On the stated facts, the co-accused in the predicate offence had been acquitted and that judgment had attained finality, so the PMLA prosecution was treated as unsustainable and the charge order and connected proceedings were set aside. en-us Mon, 15 Jan 2024 00:00:00 +0530 Mon, 29 Jul 2024 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756186 Money-laundering proceedings under the Prevention of Money Laundering Act, 2002 depend on a subsisting scheduled offence and alleged proceeds of crime arising from it. Where the accused in the predicate offence is finally acquitted, discharged, or the scheduled offence is quashed by a competent court, the foundational basis for prosecution under section 3 no longer survives. On the stated facts, the co-accused in the predicate offence had been acquitted and that judgment had attained finality, so the PMLA prosecution was treated as unsustainable and the charge order and connected proceedings were set aside. Case-Laws Money Laundering Mon, 15 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756186