https://www.taxtmi.com/caselaws?id=269779 The court allowed the civil miscellaneous appeals, setting aside the impugned orders. It concluded that the appellants successfully rebutted the presumption that the property was proceeds of crime. The respondent failed to establish any nexus between the appellants and the original fraudsters, and therefore, the property in the hands of the bona fide purchasers could not be attached. en-us Wed, 14 Oct 2015 00:00:00 +0530 Thu, 16 Nov 2017 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269779 The court allowed the civil miscellaneous appeals, setting aside the impugned orders. It concluded that the appellants successfully rebutted the presumption that the property was proceeds of crime. The respondent failed to establish any nexus between the appellants and the original fraudsters, and therefore, the property in the hands of the bona fide purchasers could not be attached. Case-Laws Money Laundering Wed, 14 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269779