https://www.taxtmi.com/caselaws?id=365551 A claimant who shows a prior bona fide purchase for full consideration through lawful banking channels, and is not linked to the scheduled offence or money-laundering activity, cannot be treated as having committed an offence under the PMLA on the basis of the record here. The flat could not be sustained as proceeds of crime against such a claimant, particularly where the agreements to sell and construction agreements pre-dated attachment and the mandatory notice and hearing requirements for a third-party claimant were not complied with. The attachment was therefore unsustainable as against the appellant's flat, while other proceedings against the accused persons were left unaffected. en-us Mon, 13 Aug 2018 00:00:00 +0530 Mon, 20 Aug 2018 07:48:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365551 A claimant who shows a prior bona fide purchase for full consideration through lawful banking channels, and is not linked to the scheduled offence or money-laundering activity, cannot be treated as having committed an offence under the PMLA on the basis of the record here. The flat could not be sustained as proceeds of crime against such a claimant, particularly where the agreements to sell and construction agreements pre-dated attachment and the mandatory notice and hearing requirements for a third-party claimant were not complied with. The attachment was therefore unsustainable as against the appellant's flat, while other proceedings against the accused persons were left unaffected. Case-Laws Money Laundering Mon, 13 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365551