Money laundering property attachment and third-party encumbrance rights clarified; prior bona fide interests enforceable before confiscation, appeals ...
Profiteering in construction services for failure to pass input tax credit resulted in repayment exceeding the commensurate benefit and closure of pro...
Provisional attachment under money laundering law was sustained where the Tribunal held that the attachment was confined to the accused co-owner's share and did not extend to the non-accused spouse's interest. It further held that property of equivalent value could be attached when the alleged proceeds of crime had been dissipated or were no longer available, and that prior purchase or disclosed source of funds did not defeat such attachment on the facts. The confirmation of the provisional attachment order was therefore upheld and the appeals were dismissed.
Provisional attachment under money laundering law was sustained where the Tribunal held that the attachment was confined to the accused co-owner's share and did not extend to the non-accused spouse's interest. It further held that property of equivalent value could be attached when the alleged proceeds of crime had been dissipated or were no longer available, and that prior purchase or disclosed source of funds did not defeat such attachment on the facts. The confirmation of the provisional attachment order was therefore upheld and the appeals were dismissed.
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