https://www.taxtmi.com/caselaws?id=777110 AT dismissed all appeals, upholding attachment of properties as proceeds of crime. The tribunal found appellants' admissions and witness statements established a conspiracy and siphoning of bank funds, showing the properties derived from illicit proceeds. Claims of lawful purchase or non-involvement were rejected where appellants either admitted association with the co-conspirators, failed to prove lawful source of funds for purchases, or offered inconsistent arguments. One appellant's registered sale deed failed to establish consideration from legitimate sources. As appellants did not show how attachment affected them or rebut the evidence, the attachments were sustained and the appeals failed. en-us Mon, 18 Aug 2025 00:00:00 +0530 Mon, 25 Aug 2025 08:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777110 AT dismissed all appeals, upholding attachment of properties as proceeds of crime. The tribunal found appellants' admissions and witness statements established a conspiracy and siphoning of bank funds, showing the properties derived from illicit proceeds. Claims of lawful purchase or non-involvement were rejected where appellants either admitted association with the co-conspirators, failed to prove lawful source of funds for purchases, or offered inconsistent arguments. One appellant's registered sale deed failed to establish consideration from legitimate sources. As appellants did not show how attachment affected them or rebut the evidence, the attachments were sustained and the appeals failed. Case-Laws Money Laundering Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777110