Proceeds of crime analysis supports property attachment where claimed salary or loan receipts lack documentary evidence

Provisional attachment of property was examined where funds received through banking channels originated from an entity implicated in wrongful gains under a supply contract. The explanations that the receipt represented salary or a loan lacked supporting appointment, loan, repayment, or other transaction documents. On the available material, the funds were treated as proceeds of crime, supporting attachment of the identified property.

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Issues: Whether confirmation of the provisional attachment of the appellant's property was justified.

Analysis: The appellant received Rs. 1.25 crore through banking channels from an entity implicated in wrongful gains arising from the supply contract. The claimed explanations that the amount represented salary or a loan were unsupported: no appointment document established employment or salary entitlement, and no loan document or repayment evidence established a genuine loan transaction. The receipt was therefore treated as proceeds of crime, warranting attachment of the identified property.

Conclusion: Confirmation of the provisional attachment was justified; the issue is against the appellant.

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