https://www.taxtmi.com/caselaws?id=379746 Attachment under the Prevention of Money Laundering Act, 2002 cannot be confirmed unless there is legally sustainable material showing that the property is proceeds of crime. The record here indicated that the appellant acquired the attached flat from sale proceeds of his own immovable property, paid through cheque, and no charge-sheet was filed against him. The alleged link to illicit funds rested on accusations against a deceased person, which was insufficient to sustain continued attachment. On that basis, the attachment was set aside and the flat was ordered to be released. en-us Wed, 24 Apr 2019 00:00:00 +0530 Tue, 07 May 2019 08:35:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379746 Attachment under the Prevention of Money Laundering Act, 2002 cannot be confirmed unless there is legally sustainable material showing that the property is proceeds of crime. The record here indicated that the appellant acquired the attached flat from sale proceeds of his own immovable property, paid through cheque, and no charge-sheet was filed against him. The alleged link to illicit funds rested on accusations against a deceased person, which was insufficient to sustain continued attachment. On that basis, the attachment was set aside and the flat was ordered to be released. Case-Laws Money Laundering Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379746