https://www.taxtmi.com/caselaws?id=352834 Earnest money received under a bona fide land sale agreement, and later forfeited on the purchaser's default, was not established as proceeds of crime under PMLA where the appellant was not named in the scheduled offence and no material showed her knowledge, nexus, or participation in the alleged criminal activity. The Tribunal found that a civil-commercial transaction, without proof of derivation from criminal activity, could not sustain attachment against an innocent third party. The attachment and confirmation orders were therefore held unsustainable, and the attached immovable properties were ordered to be released. en-us Wed, 20 Dec 2017 00:00:00 +0530 Fri, 22 Dec 2017 08:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352834 Earnest money received under a bona fide land sale agreement, and later forfeited on the purchaser's default, was not established as proceeds of crime under PMLA where the appellant was not named in the scheduled offence and no material showed her knowledge, nexus, or participation in the alleged criminal activity. The Tribunal found that a civil-commercial transaction, without proof of derivation from criminal activity, could not sustain attachment against an innocent third party. The attachment and confirmation orders were therefore held unsustainable, and the attached immovable properties were ordered to be released. Case-Laws Money Laundering Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352834