https://www.taxtmi.com/caselaws?id=252302 Attachment under the Prevention of Money Laundering Act, 2002 is confined to proceeds of crime and depends on criminal activity relating to a scheduled offence. Where the scheduled offence is negated by acquittal, the foundation for classifying property as proceeds of crime is eroded; the attachment is therefore prima facie unsustainable and cannot lawfully continue on that basis. The amendment to the attachment provisions does not preserve an attachment after the scheduled offence disappears. Following the acquittal, the respondent must independently consider the affected party's representation on its merits, without being influenced by pending Appellate Tribunal proceedings, and decide it within four weeks. en-us Fri, 19 Sep 2014 00:00:00 +0530 Wed, 23 Nov 2016 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252302 Attachment under the Prevention of Money Laundering Act, 2002 is confined to proceeds of crime and depends on criminal activity relating to a scheduled offence. Where the scheduled offence is negated by acquittal, the foundation for classifying property as proceeds of crime is eroded; the attachment is therefore prima facie unsustainable and cannot lawfully continue on that basis. The amendment to the attachment provisions does not preserve an attachment after the scheduled offence disappears. Following the acquittal, the respondent must independently consider the affected party's representation on its merits, without being influenced by pending Appellate Tribunal proceedings, and decide it within four weeks. Case-Laws Money Laundering Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252302