https://www.taxtmi.com/caselaws?id=371055 Property acquired before the alleged criminal activity and subject to a prior bank mortgage could not be treated as proceeds of crime, because the required nexus with criminal activity relating to a scheduled offence was absent on the facts noted. The text also states that provisional attachment and its confirmation were unsustainable where no notice was served on the secured creditor and the creditor was not impleaded, despite the authority's knowledge of the mortgage. Mandatory participation requirements for interested persons under the PMLA had to be followed before confirmation of attachment, and the attachment was therefore invalid. en-us Thu, 22 Nov 2018 00:00:00 +0530 Wed, 28 Nov 2018 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371055 Property acquired before the alleged criminal activity and subject to a prior bank mortgage could not be treated as proceeds of crime, because the required nexus with criminal activity relating to a scheduled offence was absent on the facts noted. The text also states that provisional attachment and its confirmation were unsustainable where no notice was served on the secured creditor and the creditor was not impleaded, despite the authority's knowledge of the mortgage. Mandatory participation requirements for interested persons under the PMLA had to be followed before confirmation of attachment, and the attachment was therefore invalid. Case-Laws Money Laundering Thu, 22 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371055