https://www.taxtmi.com/news?id=73774 Money laundering proceedings arising from the Bander coal block allocation were terminated because the underlying predicate offences had already ended in acquittal. The central legal point reported is that, while money laundering under the Prevention of Money Laundering Act is a distinct offence, its survival depends on the continued existence of the scheduled offence and proceeds of crime. Once acquittal in the scheduled offence removed that foundation, the complaint under Section 3 read with Section 70, punishable under Section 4, was dropped and dismissed. en-us Mon, 13 Jul 2026 18:31:03 +0530 Mon, 13 Jul 2026 18:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73774 Money laundering proceedings arising from the Bander coal block allocation were terminated because the underlying predicate offences had already ended in acquittal. The central legal point reported is that, while money laundering under the Prevention of Money Laundering Act is a distinct offence, its survival depends on the continued existence of the scheduled offence and proceeds of crime. Once acquittal in the scheduled offence removed that foundation, the complaint under Section 3 read with Section 70, punishable under Section 4, was dropped and dismissed. News - Mon, 13 Jul 2026 18:31:03 +0530 https://www.taxtmi.com/news?id=73774