https://www.taxtmi.com/caselaws?id=188516 Provisional attachment under the Prevention of Money Laundering Act can extend to property involved in money-laundering even if it is not confined to the person charged in the scheduled offence, because the attachment power is aimed at securing proceeds of crime on the basis of material in the officer's possession. The statute also provides an adjudicatory safeguard, allowing the affected person to explain the source of the property before the Adjudicating Authority. Where that special mechanism and a further appeal are available, writ intervention at the stage of provisional attachment is ordinarily discouraged in favour of the statutory remedies. en-us Fri, 01 Apr 2011 00:00:00 +0530 Wed, 02 Aug 2023 09:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188516 Provisional attachment under the Prevention of Money Laundering Act can extend to property involved in money-laundering even if it is not confined to the person charged in the scheduled offence, because the attachment power is aimed at securing proceeds of crime on the basis of material in the officer's possession. The statute also provides an adjudicatory safeguard, allowing the affected person to explain the source of the property before the Adjudicating Authority. Where that special mechanism and a further appeal are available, writ intervention at the stage of provisional attachment is ordinarily discouraged in favour of the statutory remedies. Case-Laws FEMA Fri, 01 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188516