https://www.taxtmi.com/caselaws?id=763878 Karnataka HC ruled that a bona fide purchaser who acquired property before predicate offences were registered cannot be subjected to PMLA proceedings without evidence of conspiracy or direct involvement. The court found petitioner purchased property long before crimes were initiated against vendors, making attachment proceedings unsustainable. Following Supreme Court precedent in Pavana Dibbur case, the court held that unless conspiracy is alleged, purchasers cannot be drawn into PMLA proceedings merely because vendors later faced criminal charges. Petition was allowed, protecting innocent purchasers from retrospective enforcement actions. en-us Tue, 03 Dec 2024 00:00:00 +0530 Mon, 30 Dec 2024 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763878 Karnataka HC ruled that a bona fide purchaser who acquired property before predicate offences were registered cannot be subjected to PMLA proceedings without evidence of conspiracy or direct involvement. The court found petitioner purchased property long before crimes were initiated against vendors, making attachment proceedings unsustainable. Following Supreme Court precedent in Pavana Dibbur case, the court held that unless conspiracy is alleged, purchasers cannot be drawn into PMLA proceedings merely because vendors later faced criminal charges. Petition was allowed, protecting innocent purchasers from retrospective enforcement actions. Case-Laws Money Laundering Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763878