https://www.taxtmi.com/caselaws?id=759553 Interim retention, seizure and freezing of documents, bank accounts and properties under the Prevention of Money Laundering Act were upheld where a prosecution complaint had already been filed and the assets were treated as liable to confiscation. The appellate forum declined interference because the impugned order was a protective measure preserving the subject matter during pending proceedings. A claim that the properties were acquired before the alleged period of the scheduled offence did not justify release, as preservation of assets for possible confiscation remained necessary. The appellants were, however, entitled to copies of relied-upon material and could seek release of any unrelied documents not needed for further investigation. en-us Thu, 12 Sep 2024 00:00:00 +0530 Fri, 04 Oct 2024 08:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759553 Interim retention, seizure and freezing of documents, bank accounts and properties under the Prevention of Money Laundering Act were upheld where a prosecution complaint had already been filed and the assets were treated as liable to confiscation. The appellate forum declined interference because the impugned order was a protective measure preserving the subject matter during pending proceedings. A claim that the properties were acquired before the alleged period of the scheduled offence did not justify release, as preservation of assets for possible confiscation remained necessary. The appellants were, however, entitled to copies of relied-upon material and could seek release of any unrelied documents not needed for further investigation. Case-Laws Money Laundering Thu, 12 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759553