https://www.taxtmi.com/caselaws?id=768719 Under the Prevention of Money-Laundering Act, 2002, provisional attachment was treated as valid where the order recorded the predicate complaint, scheduled offence material, the belief that the properties represented proceeds of crime, and the apprehension of concealment or dissipation; the challenge for want of adequate reason to believe and satisfaction was rejected. The Tribunal also held that "proceeds of crime" includes value-related attachment, so property acquired before the alleged offence may still be attached where tainted property is unavailable; the objection based on pre-acquisition ownership failed. Procedural complaints about non-forwarding of documents were found insufficient to invalidate the proceedings, and the confirmation of attachment was sustained. en-us Fri, 07 Mar 2025 00:00:00 +0530 Sat, 12 Apr 2025 08:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768719 Under the Prevention of Money-Laundering Act, 2002, provisional attachment was treated as valid where the order recorded the predicate complaint, scheduled offence material, the belief that the properties represented proceeds of crime, and the apprehension of concealment or dissipation; the challenge for want of adequate reason to believe and satisfaction was rejected. The Tribunal also held that "proceeds of crime" includes value-related attachment, so property acquired before the alleged offence may still be attached where tainted property is unavailable; the objection based on pre-acquisition ownership failed. Procedural complaints about non-forwarding of documents were found insufficient to invalidate the proceedings, and the confirmation of attachment was sustained. Case-Laws Money Laundering Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768719