https://www.taxtmi.com/caselaws?id=778599 AT upheld the provisional attachment of the flat as proceeds of crime, finding that a company obtained a Rs.15 crore credit facility using fabricated documents and third-party securities and that portions of the loan were misapplied for personal benefit. The appellant was held to have received illegal gratification of Rs.50 lakhs and the remaining amounts were diverted by others, resulting in proceeds of crime traceable to the appellant. The tribunal found no illegality in the attachment and disposed of the appeal against it. en-us Tue, 19 Aug 2025 00:00:00 +0530 Fri, 19 Sep 2025 08:33:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778599 AT upheld the provisional attachment of the flat as proceeds of crime, finding that a company obtained a Rs.15 crore credit facility using fabricated documents and third-party securities and that portions of the loan were misapplied for personal benefit. The appellant was held to have received illegal gratification of Rs.50 lakhs and the remaining amounts were diverted by others, resulting in proceeds of crime traceable to the appellant. The tribunal found no illegality in the attachment and disposed of the appeal against it. Case-Laws Money Laundering Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778599