https://www.taxtmi.com/caselaws?id=369895 Provisional attachment under the Prevention of Money-laundering Act was found unsustainable where the persons proceeded against were not shown as accused in the predicate charge-sheet and no independent evidence established a nexus between them and the alleged proceeds of crime. Custodial statements of co-accused and investigatory material alone were held insufficient, especially where the cash and jewellery were found in a joint family residence and a specific explanation was offered that the jewellery was stridhan and the cash came from lawful family sources. The attachment was set aside and the properties ordered to be released. en-us Wed, 31 Oct 2018 00:00:00 +0530 Mon, 05 Nov 2018 11:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369895 Provisional attachment under the Prevention of Money-laundering Act was found unsustainable where the persons proceeded against were not shown as accused in the predicate charge-sheet and no independent evidence established a nexus between them and the alleged proceeds of crime. Custodial statements of co-accused and investigatory material alone were held insufficient, especially where the cash and jewellery were found in a joint family residence and a specific explanation was offered that the jewellery was stridhan and the cash came from lawful family sources. The attachment was set aside and the properties ordered to be released. Case-Laws Money Laundering Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369895