https://www.taxtmi.com/caselaws?id=785144 Whether funds/properties constituted "proceeds of crime": tribunal found cash deposits, transfers to a non-existent firm and concealment amounted to laundering under s.3 of the PMLA; property purchased with or substituted for such tainted funds thus fell within the definition of proceeds of crime - outcome: assets were properly treated as proceeds of crime. Validity of provisional attachment of immovable and movable property: because proceeds were laundered and not directly recoverable, equivalent-value properties could be provisionally attached - outcome: confirmation of provisional attachments. Validity of freezing bank accounts: where frozen accounts were later provisionally attached, freezing was superseded; two frozen accounts not provisionally attached lacked justification - outcome: partial interference to unfreeze those two accounts. en-us Mon, 05 Jan 2026 00:00:00 +0530 Mon, 19 Jan 2026 07:36:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785144 Whether funds/properties constituted "proceeds of crime": tribunal found cash deposits, transfers to a non-existent firm and concealment amounted to laundering under s.3 of the PMLA; property purchased with or substituted for such tainted funds thus fell within the definition of proceeds of crime - outcome: assets were properly treated as proceeds of crime. Validity of provisional attachment of immovable and movable property: because proceeds were laundered and not directly recoverable, equivalent-value properties could be provisionally attached - outcome: confirmation of provisional attachments. Validity of freezing bank accounts: where frozen accounts were later provisionally attached, freezing was superseded; two frozen accounts not provisionally attached lacked justification - outcome: partial interference to unfreeze those two accounts. Case-Laws Money Laundering Mon, 05 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785144