https://www.taxtmi.com/caselaws?id=386174 Attachment of the house property under the Prevention of Money Laundering Act was unsustainable because the record did not establish that it represented proceeds of crime. The appellant was not shown to be an accused in the criminal case or prosecution complaint, the payments for the property were made before the alleged laundering mechanism came into operation, and no bank records or other material connected the property to tainted funds. In the absence of the required nexus between the property and the alleged offence, the attachment could not be maintained and was liable to be set aside. en-us Mon, 16 Sep 2019 00:00:00 +0530 Tue, 24 Sep 2019 07:03:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386174 Attachment of the house property under the Prevention of Money Laundering Act was unsustainable because the record did not establish that it represented proceeds of crime. The appellant was not shown to be an accused in the criminal case or prosecution complaint, the payments for the property were made before the alleged laundering mechanism came into operation, and no bank records or other material connected the property to tainted funds. In the absence of the required nexus between the property and the alleged offence, the attachment could not be maintained and was liable to be set aside. Case-Laws Money Laundering Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386174