https://www.taxtmi.com/highlights?id=91376 The AT upheld the provisional attachment order under the PMLA against the appellants, who were found to have amassed illegal assets beyond their lawful income by misusing official positions and employing front companies for layering proceeds of crime. The tribunal held that the limitation of proceeds of crime to the amount initially investigated or charged by CBI/ED does not preclude further investigation or prosecution of additional illicit assets discovered later. Reliance on the Supreme Court precedent confirmed that the scope of proceeds of crime is not confined to initial calculations but is subject to determination by the PMLA court after full trial proceedings. The appeal was dismissed, with liberty granted to both parties to raise a..... en-us Fri, 08 Aug 2025 05:56:24 +0530 Fri, 08 Aug 2025 05:56:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91376 The AT upheld the provisional attachment order under the PMLA against the appellants, who were found to have amassed illegal assets beyond their lawful income by misusing official positions and employing front companies for layering proceeds of crime. The tribunal held that the limitation of proceeds of crime to the amount initially investigated or charged by CBI/ED does not preclude further investigation or prosecution of additional illicit assets discovered later. Reliance on the Supreme Court precedent confirmed that the scope of proceeds of crime is not confined to initial calculations but is subject to determination by the PMLA court after full trial proceedings. The appeal was dismissed, with liberty granted to both parties to raise a..... Highlights Money Laundering Fri, 08 Aug 2025 05:56:24 +0530 https://www.taxtmi.com/highlights?id=91376