https://www.taxtmi.com/caselaws?id=792177 Proceedings under the Prevention of Money Laundering Act require independent prima facie material linking the person proceeded against to proceeds of crime derived from a scheduled offence. A person need not be named in the predicate offence, but liability cannot rest solely on a co-accused's statement where the investigation does not otherwise show handling, diversion, concealment, possession, acquisition, or projection of tainted funds. On the facts noted, the predicate investigation did not implicate the petitioner, and the material was found insufficient to sustain continued prosecution. en-us Fri, 22 May 2026 00:00:00 +0530 Mon, 25 May 2026 08:14:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792177 Proceedings under the Prevention of Money Laundering Act require independent prima facie material linking the person proceeded against to proceeds of crime derived from a scheduled offence. A person need not be named in the predicate offence, but liability cannot rest solely on a co-accused's statement where the investigation does not otherwise show handling, diversion, concealment, possession, acquisition, or projection of tainted funds. On the facts noted, the predicate investigation did not implicate the petitioner, and the material was found insufficient to sustain continued prosecution. Case-Laws Money Laundering Fri, 22 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792177