https://www.taxtmi.com/caselaws?id=772745 Proceeds of crime under PMLA were treated as broad enough to cover traceable tainted assets and, where those were no longer available, property of equivalent value. The Tribunal held that immovable property acquired before the alleged scheduled offence was not immune from attachment if the laundering nexus was established, and later-acquired property could also be attached where the appellant had received distributed criminal proceeds. It further found the second proviso to Section 5(1) satisfied on the investigation material, including belief that the appellant possessed proceeds of crime and that non-attachment could frustrate proceedings. The attachment was upheld and the appeal failed. en-us Thu, 29 May 2025 00:00:00 +0530 Fri, 13 Jun 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772745 Proceeds of crime under PMLA were treated as broad enough to cover traceable tainted assets and, where those were no longer available, property of equivalent value. The Tribunal held that immovable property acquired before the alleged scheduled offence was not immune from attachment if the laundering nexus was established, and later-acquired property could also be attached where the appellant had received distributed criminal proceeds. It further found the second proviso to Section 5(1) satisfied on the investigation material, including belief that the appellant possessed proceeds of crime and that non-attachment could frustrate proceedings. The attachment was upheld and the appeal failed. Case-Laws Money Laundering Thu, 29 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772745