https://www.taxtmi.com/caselaws?id=457272 Proceedings under the Prevention of Money Laundering Act cannot survive where the scheduled predicate offence has ended in final acquittal or discharge, because the money-laundering charge depends on the existence of proceeds of crime arising from that offence. The court applied the settled interpretation of Section 3 and held that a linked prosecution cannot rest on a mere notional assumption of the scheduled offence. As the petitioners' PMLA case was entirely derivative of the predicate offence and that acquittal had attained finality, the proceedings were liable to be quashed. en-us Thu, 29 Sep 2022 00:00:00 +0530 Fri, 13 Sep 2024 13:55:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457272 Proceedings under the Prevention of Money Laundering Act cannot survive where the scheduled predicate offence has ended in final acquittal or discharge, because the money-laundering charge depends on the existence of proceeds of crime arising from that offence. The court applied the settled interpretation of Section 3 and held that a linked prosecution cannot rest on a mere notional assumption of the scheduled offence. As the petitioners' PMLA case was entirely derivative of the predicate offence and that acquittal had attained finality, the proceedings were liable to be quashed. Case-Laws Money Laundering Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457272