https://www.taxtmi.com/caselaws?id=260001 Under the Prevention of Money Laundering Act, 2002, provisional attachment may be made before filing of a charge sheet where the statutory scheme and recorded material show proceeds of crime and a need to prevent frustration of proceedings. The Court treated the requirement of "reasons to believe" as demanding an honest, material-based opinion, and found the FIR, witness material and investigation record sufficient to support attachment. It also held that prior notice or hearing is not required at the Section 5 stage because the Act provides a post-decisional hearing and further statutory remedies, so a writ challenge on natural justice grounds was not maintainable. en-us Wed, 04 Feb 2015 00:00:00 +0530 Wed, 23 Nov 2016 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260001 Under the Prevention of Money Laundering Act, 2002, provisional attachment may be made before filing of a charge sheet where the statutory scheme and recorded material show proceeds of crime and a need to prevent frustration of proceedings. The Court treated the requirement of "reasons to believe" as demanding an honest, material-based opinion, and found the FIR, witness material and investigation record sufficient to support attachment. It also held that prior notice or hearing is not required at the Section 5 stage because the Act provides a post-decisional hearing and further statutory remedies, so a writ challenge on natural justice grounds was not maintainable. Case-Laws Money Laundering Wed, 04 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260001