https://www.taxtmi.com/highlights?id=93127 The AT dismissed the appeal, upholding attachment of four properties as "proceeds of crime" under PMLA. It declined to re-evaluate investigative evidence because the appellant and co-accused face trial for the predicate offence and ED lacks power to re-investigate the scheduled offence. Two properties purchased in 2011 were held to be directly acquired from criminal proceeds; two earlier acquisitions were held attachable under the second limb of "proceeds of crime" as equivalent value where proceeds were siphoned off and unavailable. The AT applied binding higher-court precedent interpreting the statutory definition and concluded attachment of equivalent value was lawful, thereby rejecting the appellant's grounds. en-us Tue, 07 Oct 2025 08:30:49 +0530 Tue, 07 Oct 2025 08:30:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=93127 The AT dismissed the appeal, upholding attachment of four properties as "proceeds of crime" under PMLA. It declined to re-evaluate investigative evidence because the appellant and co-accused face trial for the predicate offence and ED lacks power to re-investigate the scheduled offence. Two properties purchased in 2011 were held to be directly acquired from criminal proceeds; two earlier acquisitions were held attachable under the second limb of "proceeds of crime" as equivalent value where proceeds were siphoned off and unavailable. The AT applied binding higher-court precedent interpreting the statutory definition and concluded attachment of equivalent value was lawful, thereby rejecting the appellant's grounds. Highlights Money Laundering Tue, 07 Oct 2025 08:30:49 +0530 https://www.taxtmi.com/highlights?id=93127