https://www.taxtmi.com/caselaws?id=457062 Kerala HC set aside provisional attachment order under PMLA Section 5 for immovable property purchased in 2004, predating the alleged predicate offense by over 15 years. Court held that attachment powers extend only to properties acquired using proceeds of crime, not pre-existing assets. The interpretation that "proceeds of crime" includes earlier-acquired property values was deemed far-fetched and unconstitutional. While immovable property attachment was quashed as ultra vires and arbitrary, movable property attachment remained undisturbed. Petition allowed partially. en-us Fri, 28 Jun 2024 00:00:00 +0530 Tue, 03 Sep 2024 22:33:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457062 Kerala HC set aside provisional attachment order under PMLA Section 5 for immovable property purchased in 2004, predating the alleged predicate offense by over 15 years. Court held that attachment powers extend only to properties acquired using proceeds of crime, not pre-existing assets. The interpretation that "proceeds of crime" includes earlier-acquired property values was deemed far-fetched and unconstitutional. While immovable property attachment was quashed as ultra vires and arbitrary, movable property attachment remained undisturbed. Petition allowed partially. Case-Laws Money Laundering Fri, 28 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457062