https://www.taxtmi.com/caselaws?id=775479 The HC upheld the attachment order under the PMLA, finding sufficient material to form a reason to believe that the properties were proceeds of crime linked to large-scale extortion under Sections 384 and 120B IPC. The Court held that direct evidence is not necessary; circumstantial evidence and financial analysis suffice to establish a prima facie case. The absence of a predicate offence was rejected based on precedent from the SC. The nexus between the appellants and the alleged proceeds was established, and explanations for property acquisition were inadequate. The attachment was deemed a preventive measure, not a final guilt determination. The appeal was dismissed. en-us Wed, 23 Jul 2025 00:00:00 +0530 Sat, 26 Jul 2025 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775479 The HC upheld the attachment order under the PMLA, finding sufficient material to form a reason to believe that the properties were proceeds of crime linked to large-scale extortion under Sections 384 and 120B IPC. The Court held that direct evidence is not necessary; circumstantial evidence and financial analysis suffice to establish a prima facie case. The absence of a predicate offence was rejected based on precedent from the SC. The nexus between the appellants and the alleged proceeds was established, and explanations for property acquisition were inadequate. The attachment was deemed a preventive measure, not a final guilt determination. The appeal was dismissed. Case-Laws Money Laundering Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775479