https://www.taxtmi.com/caselaws?id=795965 Money-laundering allegations require property derived or obtained from criminal activity relating to a scheduled offence. Where the entity from which the petitioners allegedly received tainted funds was finally discharged in both scheduled-offence and PMLA proceedings on an unchallenged finding that the transaction did not involve proceeds of crime, the foundational element of money laundering was absent. The notes state that proceedings against the petitioners, including orders issuing process and refusing discharge, were quashed because their allegations arose solely from that transaction. en-us Tue, 21 Jul 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795965 Money-laundering allegations require property derived or obtained from criminal activity relating to a scheduled offence. Where the entity from which the petitioners allegedly received tainted funds was finally discharged in both scheduled-offence and PMLA proceedings on an unchallenged finding that the transaction did not involve proceeds of crime, the foundational element of money laundering was absent. The notes state that proceedings against the petitioners, including orders issuing process and refusing discharge, were quashed because their allegations arose solely from that transaction. Case-Laws Money Laundering Tue, 21 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795965