https://www.taxtmi.com/caselaws?id=780909 Recording reasons to believe in writing under the money-laundering attachment provision was held sufficient where the order itself disclosed the material relied on; prior communication of those reasons and a pre-decisional hearing were not required. The attachment of bank balances and immovable properties was sustained because the record showed diversion of proceeds through connected accounts, and value-equivalent assets could be attached where direct proceeds had been layered or exhausted. The transfer of funds to the connected firm was treated as proceeds of crime linked to the fraudulent scheme, as the explanations of coercion and advance payment for books were not supported by the surrounding material. en-us Wed, 29 Oct 2025 00:00:00 +0530 Sat, 08 Nov 2025 09:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780909 Recording reasons to believe in writing under the money-laundering attachment provision was held sufficient where the order itself disclosed the material relied on; prior communication of those reasons and a pre-decisional hearing were not required. The attachment of bank balances and immovable properties was sustained because the record showed diversion of proceeds through connected accounts, and value-equivalent assets could be attached where direct proceeds had been layered or exhausted. The transfer of funds to the connected firm was treated as proceeds of crime linked to the fraudulent scheme, as the explanations of coercion and advance payment for books were not supported by the surrounding material. Case-Laws Money Laundering Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780909