https://www.taxtmi.com/caselaws?id=385660 PMLA provisional attachment requires a clear nexus between the property and proceeds of crime, supported by legally sustainable reasons to believe. The text notes that share application money was received for independent commercial reasons, much of it before the alleged triggering events, and no material showed that the funds themselves were criminally derived. It also states that the recorded material did not justify a risk of concealment or transfer, and that the show-cause notice and confirmation order relied on broad, unsupported presumptions and grounds not set out in the notice. On that basis, the attachment and confirmation were set aside. en-us Fri, 06 Sep 2019 00:00:00 +0530 Wed, 11 Sep 2019 07:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385660 PMLA provisional attachment requires a clear nexus between the property and proceeds of crime, supported by legally sustainable reasons to believe. The text notes that share application money was received for independent commercial reasons, much of it before the alleged triggering events, and no material showed that the funds themselves were criminally derived. It also states that the recorded material did not justify a risk of concealment or transfer, and that the show-cause notice and confirmation order relied on broad, unsupported presumptions and grounds not set out in the notice. On that basis, the attachment and confirmation were set aside. Case-Laws Money Laundering Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385660