https://www.taxtmi.com/caselaws?id=778920 Property can be provisionally attached under PMLA where material shows it is derived, directly or indirectly, from scheduled criminal activity, including through shell entities, diverted loan funds and layered routing. The Tribunal held that the wider definition of proceeds of crime covers value traceable through subsequent transactions, so the challenge to attachment failed. It also held that provisional attachment is not dependent on completion of investigation or prior filing and testing of the prosecution complaint; attachment may rest on material already in the authorised officer's possession. The confirmation of provisional attachment was therefore sustained. en-us Wed, 03 Sep 2025 00:00:00 +0530 Thu, 25 Sep 2025 08:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778920 Property can be provisionally attached under PMLA where material shows it is derived, directly or indirectly, from scheduled criminal activity, including through shell entities, diverted loan funds and layered routing. The Tribunal held that the wider definition of proceeds of crime covers value traceable through subsequent transactions, so the challenge to attachment failed. It also held that provisional attachment is not dependent on completion of investigation or prior filing and testing of the prosecution complaint; attachment may rest on material already in the authorised officer's possession. The confirmation of provisional attachment was therefore sustained. Case-Laws Money Laundering Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778920