https://www.taxtmi.com/caselaws?id=780021 AT dismissed the appeal, upholding provisional attachment of properties as proceeds of crime arising from misappropriation of approximately Rs.18 crore. The tribunal found transfers to close relatives, large unexplained cash deposits (including Rs.73.81 lakh in two years), high-premium insurance payments and investments into a healthcare company were disproportionate to known income and constituted money-laundering. Cash seizures (about Rs.17.79 crore) and routing of illicit funds through relatives and a chartered accountant supported the finding that major investments in hospital property and company capital derived from proceeds of crime. No error was found in the impugned order. en-us Wed, 24 Sep 2025 00:00:00 +0530 Fri, 17 Oct 2025 08:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780021 AT dismissed the appeal, upholding provisional attachment of properties as proceeds of crime arising from misappropriation of approximately Rs.18 crore. The tribunal found transfers to close relatives, large unexplained cash deposits (including Rs.73.81 lakh in two years), high-premium insurance payments and investments into a healthcare company were disproportionate to known income and constituted money-laundering. Cash seizures (about Rs.17.79 crore) and routing of illicit funds through relatives and a chartered accountant supported the finding that major investments in hospital property and company capital derived from proceeds of crime. No error was found in the impugned order. Case-Laws Money Laundering Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780021