https://www.taxtmi.com/caselaws?id=764487 Money laundering proceedings under the Prevention of Money Laundering Act cannot be sustained without a subsisting scheduled offence and an identifiable predicate basis for proceeds of crime. The record showed that the police challan proceeded only under the Mines and Minerals (Development and Regulation) Act, while the Indian Penal Code offences were not carried forward, and the PMLA complaint had been filed before that process was complete. In the absence of an operative predicate offence, the ECIR, prosecution complaint and summoning order were liable to be quashed, though fresh action could be taken if a future or altered charge brought the matter within a scheduled offence. en-us Fri, 03 Jan 2025 00:00:00 +0530 Sat, 11 Jan 2025 08:46:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764487 Money laundering proceedings under the Prevention of Money Laundering Act cannot be sustained without a subsisting scheduled offence and an identifiable predicate basis for proceeds of crime. The record showed that the police challan proceeded only under the Mines and Minerals (Development and Regulation) Act, while the Indian Penal Code offences were not carried forward, and the PMLA complaint had been filed before that process was complete. In the absence of an operative predicate offence, the ECIR, prosecution complaint and summoning order were liable to be quashed, though fresh action could be taken if a future or altered charge brought the matter within a scheduled offence. Case-Laws Money Laundering Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764487