https://www.taxtmi.com/news?id=74766 Money-laundering prosecution is not rendered infructuous merely because claimant banks recover debts from attached assets restored to them. Restoration under the Prevention of Money Laundering Act enables legitimate claimants to recover losses but does not cancel or require discontinuance of criminal proceedings concerning alleged laundering and misappropriation of bank-loan funds. The Enforcement Directorate also maintains that failure to respond to summons and submit to criminal-court jurisdiction remains material to the proceedings. en-us Fri, 11 Sep 2026 19:16:03 +0530 Fri, 11 Sep 2026 19:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=74766 Money-laundering prosecution is not rendered infructuous merely because claimant banks recover debts from attached assets restored to them. Restoration under the Prevention of Money Laundering Act enables legitimate claimants to recover losses but does not cancel or require discontinuance of criminal proceedings concerning alleged laundering and misappropriation of bank-loan funds. The Enforcement Directorate also maintains that failure to respond to summons and submit to criminal-court jurisdiction remains material to the proceedings. News - Fri, 11 Sep 2026 19:16:03 +0530 https://www.taxtmi.com/news?id=74766