https://www.taxtmi.com/caselaws?id=787133 Where investigative material including seized ledgers, diary entries, statements and patterns of unexplained cash and remittances fail to establish a lawful source, the assets may be treated as proceeds of crime or as property of equivalent value under the statute, justifying confirmation of provisional attachment; conversely, failure to serve the mandatory notice on a person on whose behalf property is held or on all joint holders under the proviso to the attachment provision vitiates confirmation as to that property; and acquittal in the predicate offence does not automatically nullify PMLA attachment where statutory tests and supporting material continue to justify proceedings. en-us Thu, 31 Jul 2025 00:00:00 +0530 Fri, 27 Feb 2026 08:36:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787133 Where investigative material including seized ledgers, diary entries, statements and patterns of unexplained cash and remittances fail to establish a lawful source, the assets may be treated as proceeds of crime or as property of equivalent value under the statute, justifying confirmation of provisional attachment; conversely, failure to serve the mandatory notice on a person on whose behalf property is held or on all joint holders under the proviso to the attachment provision vitiates confirmation as to that property; and acquittal in the predicate offence does not automatically nullify PMLA attachment where statutory tests and supporting material continue to justify proceedings. Case-Laws Money Laundering Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787133