https://www.taxtmi.com/caselaws?id=786697 Section 5 of the Prevention of Money Laundering Act permits provisional attachment where a person is in possession of proceeds of crime and those assets may be concealed or dissipated; the Tribunal treated this as applicable even if the person is not named as an accused in the scheduled offence. It also accepted that property of equivalent value may be attached where the original tainted proceeds are no longer available in their original form. Pendency of a challenge to the prosecution complaint, or quashing of one scheduled offence case, does not by itself bar continuation of PMLA proceedings where another scheduled offence remains pending and the material supports alleged laundering. en-us Wed, 21 Jan 2026 00:00:00 +0530 Wed, 18 Feb 2026 08:11:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786697 Section 5 of the Prevention of Money Laundering Act permits provisional attachment where a person is in possession of proceeds of crime and those assets may be concealed or dissipated; the Tribunal treated this as applicable even if the person is not named as an accused in the scheduled offence. It also accepted that property of equivalent value may be attached where the original tainted proceeds are no longer available in their original form. Pendency of a challenge to the prosecution complaint, or quashing of one scheduled offence case, does not by itself bar continuation of PMLA proceedings where another scheduled offence remains pending and the material supports alleged laundering. Case-Laws Money Laundering Wed, 21 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786697