https://www.taxtmi.com/caselaws?id=759358 Arrest under the Prevention of Money Laundering Act was found unsustainable because the record did not show a reliable basis for reasons to believe, nor any continuing role of the person in the linked company or syndicate. The Court also held that illegal mining was not a scheduled offence, and the omitted Environment Protection Act entry could not be used to sustain PMLA proceedings on the asserted basis. As the arrest was unlawful, the subsequent judicial remand orders could not cure the defect and were quashed as consequentially unsustainable, with immediate release directed if the person was not required in any other case. en-us Mon, 23 Sep 2024 00:00:00 +0530 Mon, 30 Sep 2024 13:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759358 Arrest under the Prevention of Money Laundering Act was found unsustainable because the record did not show a reliable basis for reasons to believe, nor any continuing role of the person in the linked company or syndicate. The Court also held that illegal mining was not a scheduled offence, and the omitted Environment Protection Act entry could not be used to sustain PMLA proceedings on the asserted basis. As the arrest was unlawful, the subsequent judicial remand orders could not cure the defect and were quashed as consequentially unsustainable, with immediate release directed if the person was not required in any other case. Case-Laws Money Laundering Mon, 23 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759358