Predicate scheduled offence requirement renders PMLA proceedings unsustainable when the sole underlying FIR is quashed.

Predicate scheduled offence requirement renders PMLA proceedings unsustainable when the sole underlying FIR is quashed. https://www.taxtmi.com/highlights?id=105435 Money-laundering jurisdiction under the PMLA depends on a registered and subsisting scheduled offence, because proceeds of crime require the existence of that predicate offence. An ECIR founded solely on an FIR cannot continue once that FIR is quashed; it cannot be sustained on an assumed criminal activity or the possible involvement of other persons or entities. The ECIR was therefore quashed only insofar as it concerned the petitioners, reflecting the scope of the relief sought. en-us Tue, 27 Oct 2026 14:13:36 +0530 Tue, 27 Oct 2026 14:13:36 +0530 TaxTMI RSS Generator Predicate scheduled offence requirement renders PMLA proceedings unsustainable when the sole underlying FIR is quashed. https://www.taxtmi.com/highlights?id=105435 Money-laundering jurisdiction under the PMLA depends on a registered and subsisting scheduled offence, because proceeds of crime require the existence of that predicate offence. An ECIR founded solely on an FIR cannot continue once that FIR is quashed; it cannot be sustained on an assumed criminal activity or the possible involvement of other persons or entities. The ECIR was therefore quashed only insofar as it concerned the petitioners, reflecting the scope of the relief sought. Highlights Money Laundering Tue, 27 Oct 2026 14:13:36 +0530 https://www.taxtmi.com/highlights?id=105435