https://www.taxtmi.com/caselaws?id=787008 Recorded reasons that property represented proceeds of crime and that non-attachment could frustrate confiscation proceedings satisfied the statutory "reason to believe" requirement for provisional attachment under the PMLA, so the challenge on that ground failed. The Tribunal also found a clear nexus between the aircraft and the alleged proceeds of crime because the acquisition funds were traced to diverted company funds and related routed payments, while the appellant produced no cogent evidence to disprove the tainted source. The objection that the attachment was excessive was rejected, and the attachment of the aircraft was sustained. en-us Wed, 18 Feb 2026 00:00:00 +0530 Wed, 25 Feb 2026 07:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787008 Recorded reasons that property represented proceeds of crime and that non-attachment could frustrate confiscation proceedings satisfied the statutory "reason to believe" requirement for provisional attachment under the PMLA, so the challenge on that ground failed. The Tribunal also found a clear nexus between the aircraft and the alleged proceeds of crime because the acquisition funds were traced to diverted company funds and related routed payments, while the appellant produced no cogent evidence to disprove the tainted source. The objection that the attachment was excessive was rejected, and the attachment of the aircraft was sustained. Case-Laws Money Laundering Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787008