https://www.taxtmi.com/caselaws?id=784073 Whether properties held by corporate appellants could be attached under PMLA despite the companies not being accused in the scheduled offence was the dominant issue. The AT held that the funds used to acquire the appellants' shareholding and assets were "proceeds of crime" derived indirectly from NRHM fund misuse, evidenced by infusion of crores into a shell entity with nominal capital through non-commercial transfers and by recorded statements under s.50. Relying on SC in Vijay Madanlal Choudhary, the AT affirmed that "proceeds of crime" has the widest amplitude and s.5(1) attachment extends to any person involved in activities connected with such proceeds, irrespective of being an accused in the predicate offence. The attachment order was upheld and the appeals were dismissed. en-us Mon, 22 Dec 2025 00:00:00 +0530 Mon, 29 Dec 2025 08:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784073 Whether properties held by corporate appellants could be attached under PMLA despite the companies not being accused in the scheduled offence was the dominant issue. The AT held that the funds used to acquire the appellants' shareholding and assets were "proceeds of crime" derived indirectly from NRHM fund misuse, evidenced by infusion of crores into a shell entity with nominal capital through non-commercial transfers and by recorded statements under s.50. Relying on SC in Vijay Madanlal Choudhary, the AT affirmed that "proceeds of crime" has the widest amplitude and s.5(1) attachment extends to any person involved in activities connected with such proceeds, irrespective of being an accused in the predicate offence. The attachment order was upheld and the appeals were dismissed. Case-Laws Money Laundering Mon, 22 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784073