https://www.taxtmi.com/highlights?id=94544 AT upheld the Provisional Attachment Order under the PMLA against the appellant's properties, finding that the appellant failed to discharge the statutory burden of proving the legitimate source of funds used for their acquisition. The bank statements showed deposits with narrations "TRF" and "Cash" preceding part-payments of consideration, but the nature and source of these deposits remained unexplained. AT held that "reasons to believe" under S. 5(1) PMLA were properly recorded, as the Joint Director had elaborately set out the predicate (scheduled) offence, the alleged leaking of examination papers for consideration, and the related financial transactions. Finding no legal infirmity, AT dismissed the appeal and confirmed the attachment. en-us Thu, 27 Nov 2025 08:36:27 +0530 Thu, 27 Nov 2025 08:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=94544 AT upheld the Provisional Attachment Order under the PMLA against the appellant's properties, finding that the appellant failed to discharge the statutory burden of proving the legitimate source of funds used for their acquisition. The bank statements showed deposits with narrations "TRF" and "Cash" preceding part-payments of consideration, but the nature and source of these deposits remained unexplained. AT held that "reasons to believe" under S. 5(1) PMLA were properly recorded, as the Joint Director had elaborately set out the predicate (scheduled) offence, the alleged leaking of examination papers for consideration, and the related financial transactions. Finding no legal infirmity, AT dismissed the appeal and confirmed the attachment. Highlights Money Laundering Thu, 27 Nov 2025 08:36:27 +0530 https://www.taxtmi.com/highlights?id=94544