https://www.taxtmi.com/caselaws?id=307679 The court quashed the provisional order of attachment by the Enforcement Directorate due to the lack of a causal connection between the petitioners and the proceeds of crime. The court found that the order did not meet the requirements of Section 5(1) of the Prevention of Money Laundering Act, as there was no factual nexus establishing the immovable property as "proceeds of crime." The court emphasized the necessity for specific terms linking the property to criminal activity. Consequently, the court ruled in favor of the petitioners and ordered the quashing of the attachment order under the PMLA. en-us Tue, 28 Jun 2022 00:00:00 +0530 Fri, 28 Apr 2023 21:10:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307679 The court quashed the provisional order of attachment by the Enforcement Directorate due to the lack of a causal connection between the petitioners and the proceeds of crime. The court found that the order did not meet the requirements of Section 5(1) of the Prevention of Money Laundering Act, as there was no factual nexus establishing the immovable property as "proceeds of crime." The court emphasized the necessity for specific terms linking the property to criminal activity. Consequently, the court ruled in favor of the petitioners and ordered the quashing of the attachment order under the PMLA. Case-Laws Money Laundering Tue, 28 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307679