https://www.taxtmi.com/caselaws?id=457264 Proceedings under the Prevention of Money-Laundering Act, 2002 depend on the existence of a scheduled offence and proceeds of crime as the foundation of the allegation. Where the predicate offence ends in discharge, acquittal, or complete quashing, the money-laundering proceedings against the concerned accused cannot survive. On that basis, consequential action arising from the ECIR, including summons, notices and related proceedings, may be closed because the underlying foundation has failed. Liberty may be preserved to revive proceedings if the predicate offence order is later reversed and the foundation is restored. en-us Mon, 29 Apr 2024 00:00:00 +0530 Thu, 12 Sep 2024 21:28:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457264 Proceedings under the Prevention of Money-Laundering Act, 2002 depend on the existence of a scheduled offence and proceeds of crime as the foundation of the allegation. Where the predicate offence ends in discharge, acquittal, or complete quashing, the money-laundering proceedings against the concerned accused cannot survive. On that basis, consequential action arising from the ECIR, including summons, notices and related proceedings, may be closed because the underlying foundation has failed. Liberty may be preserved to revive proceedings if the predicate offence order is later reversed and the foundation is restored. Case-Laws Money Laundering Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457264