https://www.taxtmi.com/caselaws?id=782563 The AT upheld the provisional attachment of properties under Section 5 read with Section 2(1)(u) PMLA, finding that the appellant orchestrated a fraudulent scheme to obtain foreign exchange from banks using forged documents and remit it abroad under the guise of software imports which never occurred. Relying on corroborated statements of accomplices and the appellant's own statements under Section 50 PMLA, the AT held that the funds constituted proceeds of crime and that properties of equivalent value were validly attached. Applying the SC ruling in Vijay Madanlal Choudhary and its own precedent, the AT rejected the contention that pre-offence acquisitions could not be attached and dismissed the appeal. en-us Thu, 27 Nov 2025 00:00:00 +0530 Mon, 01 Dec 2025 10:24:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782563 The AT upheld the provisional attachment of properties under Section 5 read with Section 2(1)(u) PMLA, finding that the appellant orchestrated a fraudulent scheme to obtain foreign exchange from banks using forged documents and remit it abroad under the guise of software imports which never occurred. Relying on corroborated statements of accomplices and the appellant's own statements under Section 50 PMLA, the AT held that the funds constituted proceeds of crime and that properties of equivalent value were validly attached. Applying the SC ruling in Vijay Madanlal Choudhary and its own precedent, the AT rejected the contention that pre-offence acquisitions could not be attached and dismissed the appeal. Case-Laws Money Laundering Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782563