https://www.taxtmi.com/caselaws?id=787134 Whether provisional attachment under the Prevention of Money Laundering Act related to property equivalent to identified proceeds was valid: the tribunal treated admissions, corroborative witness statements and contemporaneous banking and transaction records (including loan disbursal, demand draft payments and repeated cash deposits used to repay loan EMIs) as establishing that the appellant received proceeds and arranged repayments, demonstrating beneficial ownership and camouflage of proceeds; on that evidential basis the provisional attachment's link to proceeds of crime was sustained and the confirmation of provisional attachment was upheld, resulting in dismissal of the appeal. en-us Wed, 17 Dec 2025 00:00:00 +0530 Fri, 27 Feb 2026 08:36:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787134 Whether provisional attachment under the Prevention of Money Laundering Act related to property equivalent to identified proceeds was valid: the tribunal treated admissions, corroborative witness statements and contemporaneous banking and transaction records (including loan disbursal, demand draft payments and repeated cash deposits used to repay loan EMIs) as establishing that the appellant received proceeds and arranged repayments, demonstrating beneficial ownership and camouflage of proceeds; on that evidential basis the provisional attachment's link to proceeds of crime was sustained and the confirmation of provisional attachment was upheld, resulting in dismissal of the appeal. Case-Laws Money Laundering Wed, 17 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787134