https://www.taxtmi.com/caselaws?id=198839 Provisional attachment under the Prevention of Money-laundering Act can be sustained where the authority has material to form a bona fide belief that the cash represents proceeds of crime and may be concealed or dealt with to defeat confiscation. Physical possession by the appellant is not essential, so attachment was not invalid merely because the cash was in CBI custody. The absence of a final charge in the scheduled offence did not bar action against proceeds of crime, and the factual claim that the cash was accounted for or below the alleged threshold was unsupported. The appellant also failed to rebut the statutory burden with reliable source documents, so the attachment was confirmed. en-us Thu, 09 Jul 2015 00:00:00 +0530 Sat, 10 Feb 2018 07:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198839 Provisional attachment under the Prevention of Money-laundering Act can be sustained where the authority has material to form a bona fide belief that the cash represents proceeds of crime and may be concealed or dealt with to defeat confiscation. Physical possession by the appellant is not essential, so attachment was not invalid merely because the cash was in CBI custody. The absence of a final charge in the scheduled offence did not bar action against proceeds of crime, and the factual claim that the cash was accounted for or below the alleged threshold was unsupported. The appellant also failed to rebut the statutory burden with reliable source documents, so the attachment was confirmed. Case-Laws Money Laundering Thu, 09 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198839