https://www.taxtmi.com/caselaws?id=341445 During investigation under the Prevention of Money Laundering Act, 2002, temporary freezing of bank accounts may be used as an incidental measure to preserve suspected proceeds of crime and prevent frustration of the statutory process. The Court noted that provisional attachment can be founded on reason to believe, and that the Code of Criminal Procedure applies to the extent it is not inconsistent with the Act. Because the restraint was imposed in aid of investigation and not shown to be illegal merely for want of a completed attachment order at that stage, the challenge to the debit restrictions failed and the writ application was rejected. en-us Wed, 29 Mar 2017 00:00:00 +0530 Tue, 21 Nov 2017 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341445 During investigation under the Prevention of Money Laundering Act, 2002, temporary freezing of bank accounts may be used as an incidental measure to preserve suspected proceeds of crime and prevent frustration of the statutory process. The Court noted that provisional attachment can be founded on reason to believe, and that the Code of Criminal Procedure applies to the extent it is not inconsistent with the Act. Because the restraint was imposed in aid of investigation and not shown to be illegal merely for want of a completed attachment order at that stage, the challenge to the debit restrictions failed and the writ application was rejected. Case-Laws Money Laundering Wed, 29 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341445