https://www.taxtmi.com/caselaws?id=758222 Quashing of the scheduled offence does not, by itself, bar Enforcement Directorate action under the Prevention of Money Laundering Act, 2002. The Act's statutory powers to summon persons, investigate, collect evidence, and trace proceeds of crime may continue where money-laundering proceedings can still survive, including on additional complaint material against a person. Repayment to victims or compliance with quashing conditions in the predicate offence does not extinguish alleged proceeds of crime or disable the statutory machinery. Accordingly, no injunction can be granted restraining summons or investigation under the Act merely because the scheduled offence was quashed. en-us Mon, 02 Sep 2024 00:00:00 +0530 Tue, 10 Sep 2024 08:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758222 Quashing of the scheduled offence does not, by itself, bar Enforcement Directorate action under the Prevention of Money Laundering Act, 2002. The Act's statutory powers to summon persons, investigate, collect evidence, and trace proceeds of crime may continue where money-laundering proceedings can still survive, including on additional complaint material against a person. Repayment to victims or compliance with quashing conditions in the predicate offence does not extinguish alleged proceeds of crime or disable the statutory machinery. Accordingly, no injunction can be granted restraining summons or investigation under the Act merely because the scheduled offence was quashed. Case-Laws Money Laundering Mon, 02 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758222