https://www.taxtmi.com/caselaws?id=787448 Under the Prevention of Money Laundering Act, 2002, property linked to proceeds of crime may be provisionally attached in the hands of any person, including a person not accused of the predicate offence. Deposits, investments and acquisitions may be treated as proceeds of crime where statements and investigative material show links to an embezzled corpus, unexplained transactions or expenditure. A show-cause notice may issue where the material provides a reasonable basis to connect the person or property with proceeds of crime. Persons claiming legitimate sources, including sale proceeds and housing loans, must satisfactorily account for the funds used. The definition of proceeds of crime includes the value of tainted property, permitting attachment of equivalent value where the original property cannot be traced. en-us Thu, 29 Jan 2026 00:00:00 +0530 Thu, 05 Mar 2026 15:16:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787448 Under the Prevention of Money Laundering Act, 2002, property linked to proceeds of crime may be provisionally attached in the hands of any person, including a person not accused of the predicate offence. Deposits, investments and acquisitions may be treated as proceeds of crime where statements and investigative material show links to an embezzled corpus, unexplained transactions or expenditure. A show-cause notice may issue where the material provides a reasonable basis to connect the person or property with proceeds of crime. Persons claiming legitimate sources, including sale proceeds and housing loans, must satisfactorily account for the funds used. The definition of proceeds of crime includes the value of tainted property, permitting attachment of equivalent value where the original property cannot be traced. Case-Laws Money Laundering Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787448