https://www.taxtmi.com/caselaws?id=781308 Provisional attachment under the PMLA may be sustained even where the property holder is not named as an accused, if the material shows that the attached property or its equivalent value represents proceeds of crime received, parked or layered through that person. The Tribunal examined advances from the main accused company, the absence of actual mineral supply, statements recorded under Section 50(2) of the PMLA, and bank records and related documents. On that basis, it found that the funds were transferred as part of a scheme to park and layer proceeds of crime, and that the appellants failed to show a bona fide business transaction or return of the money. en-us Tue, 23 Sep 2025 00:00:00 +0530 Fri, 14 Nov 2025 09:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781308 Provisional attachment under the PMLA may be sustained even where the property holder is not named as an accused, if the material shows that the attached property or its equivalent value represents proceeds of crime received, parked or layered through that person. The Tribunal examined advances from the main accused company, the absence of actual mineral supply, statements recorded under Section 50(2) of the PMLA, and bank records and related documents. On that basis, it found that the funds were transferred as part of a scheme to park and layer proceeds of crime, and that the appellants failed to show a bona fide business transaction or return of the money. Case-Laws Money Laundering Tue, 23 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781308