https://www.taxtmi.com/caselaws?id=787276 Quashing of an FIR against one accused did not undo PMLA attachment where multiple predicate-offence FIRs for bank fraud, conspiracy, cheating, forgery and corruption still survived. The Tribunal noted that the ECIR and provisional attachment remained supported by the continuing connected proceedings, so the challenge based on the quashed FIR failed. It also found that the appellants did not prove a lawful source for the funds used to acquire the wind mills: the record showed a trail through dummy and shell companies, missing contemporaneous loan documents, and diversion of funds linked to the fraud. The statutory burden on the source of assets was therefore not discharged. en-us Tue, 03 Feb 2026 00:00:00 +0530 Mon, 02 Mar 2026 08:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787276 Quashing of an FIR against one accused did not undo PMLA attachment where multiple predicate-offence FIRs for bank fraud, conspiracy, cheating, forgery and corruption still survived. The Tribunal noted that the ECIR and provisional attachment remained supported by the continuing connected proceedings, so the challenge based on the quashed FIR failed. It also found that the appellants did not prove a lawful source for the funds used to acquire the wind mills: the record showed a trail through dummy and shell companies, missing contemporaneous loan documents, and diversion of funds linked to the fraud. The statutory burden on the source of assets was therefore not discharged. Case-Laws Money Laundering Tue, 03 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787276