https://www.taxtmi.com/caselaws?id=467020 Provisional attachment under the Prevention of Money Laundering Act, 2002 may be sustained where the authorised officer records reasons to believe, on material in possession, that non-attachment may frustrate proceedings; filing of a charge-sheet is not a prerequisite when the proviso to section 5 is invoked. The attachment is protective and does not itself divest title or possession. On challenge under sections 8 and 24, the burden shifts to the person affected to explain the source and character of the property and rebut the allegation of proceeds of crime. On the material noted, the appellants failed to produce adequate proof, so confirmation of attachment was justified. en-us Mon, 24 Feb 2025 00:00:00 +0530 Mon, 02 Mar 2026 18:36:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467020 Provisional attachment under the Prevention of Money Laundering Act, 2002 may be sustained where the authorised officer records reasons to believe, on material in possession, that non-attachment may frustrate proceedings; filing of a charge-sheet is not a prerequisite when the proviso to section 5 is invoked. The attachment is protective and does not itself divest title or possession. On challenge under sections 8 and 24, the burden shifts to the person affected to explain the source and character of the property and rebut the allegation of proceeds of crime. On the material noted, the appellants failed to produce adequate proof, so confirmation of attachment was justified. Case-Laws Money Laundering Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467020