https://www.taxtmi.com/caselaws?id=467098 Attachment under the anti-money laundering statute was sustained because the material showed that the disputed assets and expenditure formed part of the proceeds of crime assessment, and the claimed lawful income was not proved by reliable records. Mere bank withdrawals were not treated as income, uncorroborated self-prepared statements could not override the investigation record, and acquisition costs such as share purchase, registration charges and stamp duty properly counted on the expenditure side. Family members' assets could still be attached even though they were not separately arraigned in the predicate offence, and substitution of the attached properties by reference to the hotel asset and its bank liability was rejected. en-us Tue, 17 Dec 2024 00:00:00 +0530 Fri, 06 Mar 2026 20:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467098 Attachment under the anti-money laundering statute was sustained because the material showed that the disputed assets and expenditure formed part of the proceeds of crime assessment, and the claimed lawful income was not proved by reliable records. Mere bank withdrawals were not treated as income, uncorroborated self-prepared statements could not override the investigation record, and acquisition costs such as share purchase, registration charges and stamp duty properly counted on the expenditure side. Family members' assets could still be attached even though they were not separately arraigned in the predicate offence, and substitution of the attached properties by reference to the hotel asset and its bank liability was rejected. Case-Laws Money Laundering Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467098