https://www.taxtmi.com/caselaws?id=793263 An FIR based on foreign investment, share valuation, and company expenditure did not disclose cheating, criminal breach of trust, or criminal conspiracy because there was no showing of dishonest inducement, entrustment of property, or any illegal agreement; the investment was treated as a commercial arrangement and the allegations under the IPC were quashed. On the same factual basis, the PMLA proceedings could not survive once the predicate allegations failed to disclose a cognizable offence, and there was no concrete material showing proceeds of crime or other incriminating material to sustain money-laundering action. The ECIR and connected PMLA proceedings were therefore quashed, and the request for supply of the ECIR became infructuous. en-us Fri, 29 May 2026 00:00:00 +0530 Fri, 12 Jun 2026 08:44:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793263 An FIR based on foreign investment, share valuation, and company expenditure did not disclose cheating, criminal breach of trust, or criminal conspiracy because there was no showing of dishonest inducement, entrustment of property, or any illegal agreement; the investment was treated as a commercial arrangement and the allegations under the IPC were quashed. On the same factual basis, the PMLA proceedings could not survive once the predicate allegations failed to disclose a cognizable offence, and there was no concrete material showing proceeds of crime or other incriminating material to sustain money-laundering action. The ECIR and connected PMLA proceedings were therefore quashed, and the request for supply of the ECIR became infructuous. Case-Laws Money Laundering Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793263