https://www.taxtmi.com/caselaws?id=756452 Money-laundering proceedings under the Prevention of Money Laundering Act, 2002 cannot survive where the predicate scheduled offence has been quashed by a court of competent jurisdiction. The governing principle applied is that the offence under Section 3 is dependent on the existence of a live scheduled offence, so once the underlying criminal case no longer survives, the foundation for the ECIR and related prosecution is removed. On that basis, the Madras HC held that the ECIR proceedings against the petitioner could not be sustained and quashed them. en-us Mon, 01 Jul 2024 00:00:00 +0530 Fri, 02 Aug 2024 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756452 Money-laundering proceedings under the Prevention of Money Laundering Act, 2002 cannot survive where the predicate scheduled offence has been quashed by a court of competent jurisdiction. The governing principle applied is that the offence under Section 3 is dependent on the existence of a live scheduled offence, so once the underlying criminal case no longer survives, the foundation for the ECIR and related prosecution is removed. On that basis, the Madras HC held that the ECIR proceedings against the petitioner could not be sustained and quashed them. Case-Laws Money Laundering Mon, 01 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756452