https://www.taxtmi.com/caselaws?id=772818 Prosecution under the Prevention of Money Laundering Act remains independent, but it still depends on a legally subsisting scheduled offence and proceeds of crime; where the predicate case ends only by abatement due to the sole accused's death, continuation of the money-laundering proceedings may still be maintainable. Restoration of attached property under Section 8(8) is available only to a bona fide claimant who proves a legitimate interest, good faith, and a quantifiable loss caused by money laundering. An assignee of receivables cannot rely on the original party's loss alone to satisfy that requirement. On this analysis, attachment is not automatically lifted and restoration depends on strict compliance with the statutory and rule-based criteria. en-us Tue, 01 Apr 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772818 Prosecution under the Prevention of Money Laundering Act remains independent, but it still depends on a legally subsisting scheduled offence and proceeds of crime; where the predicate case ends only by abatement due to the sole accused's death, continuation of the money-laundering proceedings may still be maintainable. Restoration of attached property under Section 8(8) is available only to a bona fide claimant who proves a legitimate interest, good faith, and a quantifiable loss caused by money laundering. An assignee of receivables cannot rely on the original party's loss alone to satisfy that requirement. On this analysis, attachment is not automatically lifted and restoration depends on strict compliance with the statutory and rule-based criteria. Case-Laws Money Laundering Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772818