https://www.taxtmi.com/caselaws?id=763878 Attachment and retention under the Prevention of Money Laundering Act cannot be sustained against a bona fide purchaser who acquired property through sale deeds before the predicate offences were registered and who was not alleged to be involved in the criminal activity; on those facts, the attachment was unsustainable against that purchaser. Section 120-B of the Indian Penal Code does not, by itself, convert a non-scheduled offence into a scheduled offence: conspiracy is relevant only where the object of the conspiracy is itself a scheduled offence. The legal position is that the Schedule to the Act cannot be expanded by treating every alleged conspiracy as sufficient to trigger PMLA consequences. en-us Tue, 03 Dec 2024 00:00:00 +0530 Mon, 30 Dec 2024 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763878 Attachment and retention under the Prevention of Money Laundering Act cannot be sustained against a bona fide purchaser who acquired property through sale deeds before the predicate offences were registered and who was not alleged to be involved in the criminal activity; on those facts, the attachment was unsustainable against that purchaser. Section 120-B of the Indian Penal Code does not, by itself, convert a non-scheduled offence into a scheduled offence: conspiracy is relevant only where the object of the conspiracy is itself a scheduled offence. The legal position is that the Schedule to the Act cannot be expanded by treating every alleged conspiracy as sufficient to trigger PMLA consequences. Case-Laws Money Laundering Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763878