https://www.taxtmi.com/news?id=50173 The tribunal found a prima facie case of money laundering based on the chain linking a sanctioned bank loan, transfers to a company of the respondent's spouse, and acquisition of property from those diverted funds; it treated the property as proceeds of crime and confirmed the enforcement agency's provisional attachment. The tribunal rejected ignorance and committee decision defences, relied on the predicate criminal complaint, and found the adjudicating authority's earlier refusal to confirm attachment perverse. en-us Tue, 22 Jul 2025 17:31:03 +0530 Tue, 22 Jul 2025 17:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=50173 The tribunal found a prima facie case of money laundering based on the chain linking a sanctioned bank loan, transfers to a company of the respondent's spouse, and acquisition of property from those diverted funds; it treated the property as proceeds of crime and confirmed the enforcement agency's provisional attachment. The tribunal rejected ignorance and committee decision defences, relied on the predicate criminal complaint, and found the adjudicating authority's earlier refusal to confirm attachment perverse. News - Tue, 22 Jul 2025 17:31:03 +0530 https://www.taxtmi.com/news?id=50173