https://www.taxtmi.com/caselaws?id=769889 Under the Prevention of Money Laundering Act, 2002, attachment may extend to property of equivalent value where the actual proceeds of crime are unavailable, including assets acquired before the alleged predicate offence if the material shows diversion, layering, or disappearance of tainted funds. The tribunal also noted that partial settlement or likely quashing of some scheduled offence FIRs does not, by itself, defeat attachment where wider money-laundering allegations and other connected criminal cases continue, especially where the offences include non-compoundable offences. On those principles, confirmation of the provisional attachment was upheld and relief was refused. en-us Thu, 17 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 08:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769889 Under the Prevention of Money Laundering Act, 2002, attachment may extend to property of equivalent value where the actual proceeds of crime are unavailable, including assets acquired before the alleged predicate offence if the material shows diversion, layering, or disappearance of tainted funds. The tribunal also noted that partial settlement or likely quashing of some scheduled offence FIRs does not, by itself, defeat attachment where wider money-laundering allegations and other connected criminal cases continue, especially where the offences include non-compoundable offences. On those principles, confirmation of the provisional attachment was upheld and relief was refused. Case-Laws Money Laundering Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769889