https://www.taxtmi.com/caselaws?id=772251 Attachment of property of equivalent value under SAFEMA was upheld where the appellant failed to produce the criminal court order relied on to show a lower quantified loss, and the charge-sheet continued to reflect a higher proceeds figure. The tribunal also held that amounts allegedly withheld in arbitration or with a municipal authority did not, by themselves, defeat equivalence-based attachment, because such claims were not shown to be realised proceeds available in satisfaction of the alleged crime. On the material before it, the attachment was sustained. en-us Wed, 26 Mar 2025 00:00:00 +0530 Fri, 06 Jun 2025 08:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772251 Attachment of property of equivalent value under SAFEMA was upheld where the appellant failed to produce the criminal court order relied on to show a lower quantified loss, and the charge-sheet continued to reflect a higher proceeds figure. The tribunal also held that amounts allegedly withheld in arbitration or with a municipal authority did not, by themselves, defeat equivalence-based attachment, because such claims were not shown to be realised proceeds available in satisfaction of the alleged crime. On the material before it, the attachment was sustained. Case-Laws Money Laundering Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772251