https://www.taxtmi.com/caselaws?id=771832 Properties acquired before the commission of the scheduled offence may still be attached under the Prevention of Money-Laundering Act where they represent proceeds of crime or property of equivalent value. The Tribunal stated that "proceeds of crime" is not limited to property directly or indirectly derived from the offence and may include equivalent-value assets when the tainted property is unavailable, untraceable, or siphoned off. On the facts noted, prima facie material linked the appellants to illegal ivory trade, recovery of ivory articles, and statements indicating receipt and handling of proceeds, so attachment of properties, including those in spouses' names, was upheld to the extent of the available proceeds or equivalent value. en-us Mon, 28 Apr 2025 00:00:00 +0530 Tue, 27 May 2025 14:48:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771832 Properties acquired before the commission of the scheduled offence may still be attached under the Prevention of Money-Laundering Act where they represent proceeds of crime or property of equivalent value. The Tribunal stated that "proceeds of crime" is not limited to property directly or indirectly derived from the offence and may include equivalent-value assets when the tainted property is unavailable, untraceable, or siphoned off. On the facts noted, prima facie material linked the appellants to illegal ivory trade, recovery of ivory articles, and statements indicating receipt and handling of proceeds, so attachment of properties, including those in spouses' names, was upheld to the extent of the available proceeds or equivalent value. Case-Laws Money Laundering Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771832