https://www.taxtmi.com/caselaws?id=780477 Under the Prevention of Money Laundering Act, property may be attached as equivalent value even if it was acquired before the alleged scheduled offence, where the actual proceeds of crime are unavailable because they have been layered, exhausted, or otherwise rendered inaccessible. Disputed title did not defeat attachment, because the tribunal would not determine ownership in the money-laundering appeal and attachment does not itself alter title or possession. The provisional attachment was also upheld because the record, including investigation material, bank trail, statements, and the stated modus operandi, provided sufficient reasons to believe that the property could be concealed or transferred so as to frustrate confiscation proceedings. en-us Mon, 27 Oct 2025 00:00:00 +0530 Fri, 31 Oct 2025 08:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780477 Under the Prevention of Money Laundering Act, property may be attached as equivalent value even if it was acquired before the alleged scheduled offence, where the actual proceeds of crime are unavailable because they have been layered, exhausted, or otherwise rendered inaccessible. Disputed title did not defeat attachment, because the tribunal would not determine ownership in the money-laundering appeal and attachment does not itself alter title or possession. The provisional attachment was also upheld because the record, including investigation material, bank trail, statements, and the stated modus operandi, provided sufficient reasons to believe that the property could be concealed or transferred so as to frustrate confiscation proceedings. Case-Laws Money Laundering Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780477