https://www.taxtmi.com/caselaws?id=457248 Prosecution under the Prevention of Money Laundering Act, 2002 could not continue once the petitioners were acquitted in the scheduled offence, because the predicate offence supplied the foundation for the connected money-laundering case. The trial court had rejected the application under Section 190 read with Section 245(2) CrPC, but the later acquittal in the predicate case and the Supreme Court position relied on by the parties showed that the basis for continuation had fallen away. The revisional challenge succeeded, and the money-laundering proceedings were ordered closed in favour of the petitioners. en-us Wed, 25 Jan 2023 00:00:00 +0530 Thu, 12 Sep 2024 20:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457248 Prosecution under the Prevention of Money Laundering Act, 2002 could not continue once the petitioners were acquitted in the scheduled offence, because the predicate offence supplied the foundation for the connected money-laundering case. The trial court had rejected the application under Section 190 read with Section 245(2) CrPC, but the later acquittal in the predicate case and the Supreme Court position relied on by the parties showed that the basis for continuation had fallen away. The revisional challenge succeeded, and the money-laundering proceedings were ordered closed in favour of the petitioners. Case-Laws Money Laundering Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457248