https://www.taxtmi.com/caselaws?id=775825 Property representing admitted proceeds of crime may be provisionally attached under PMLA even where the recipient is not named in the FIR and claims bona fide receipt as a loan, if no credible loan documents or proof of repayment are shown. The Tribunal found that the appellants admitted receipt of funds from accused persons, but failed to substantiate any lawful loan transaction or repayment basis, so the plea of innocent receipt did not displace the character of the money as proceeds of crime in their hands. Provisional attachment was therefore justified to secure the value pending trial. en-us Tue, 08 Jul 2025 00:00:00 +0530 Fri, 01 Aug 2025 08:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775825 Property representing admitted proceeds of crime may be provisionally attached under PMLA even where the recipient is not named in the FIR and claims bona fide receipt as a loan, if no credible loan documents or proof of repayment are shown. The Tribunal found that the appellants admitted receipt of funds from accused persons, but failed to substantiate any lawful loan transaction or repayment basis, so the plea of innocent receipt did not displace the character of the money as proceeds of crime in their hands. Provisional attachment was therefore justified to secure the value pending trial. Case-Laws Money Laundering Tue, 08 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775825