https://www.taxtmi.com/caselaws?id=458040 The applicable PMLA schedule is assessed by the date of the alleged money-laundering conduct, not the date of the original predicate offence, so the challenge based on retrospective application failed. Prima facie material showing disproportionate assets was sufficient to support attachment, without any final finding on the merits. Provisional attachment under Section 5(1) requires recorded reasons supported by material showing proceeds of crime and a real likelihood of concealment, transfer or other dealing to frustrate confiscation; where the property had already been attached by the Special Court, those preconditions were not met, and the attachment orders were set aside. en-us Thu, 17 Aug 2023 00:00:00 +0530 Fri, 04 Oct 2024 20:18:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458040 The applicable PMLA schedule is assessed by the date of the alleged money-laundering conduct, not the date of the original predicate offence, so the challenge based on retrospective application failed. Prima facie material showing disproportionate assets was sufficient to support attachment, without any final finding on the merits. Provisional attachment under Section 5(1) requires recorded reasons supported by material showing proceeds of crime and a real likelihood of concealment, transfer or other dealing to frustrate confiscation; where the property had already been attached by the Special Court, those preconditions were not met, and the attachment orders were set aside. Case-Laws Money Laundering Thu, 17 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458040