https://www.taxtmi.com/caselaws?id=787498 Provisional attachment of immovable property under the Prevention of Money Laundering Act may extend to property representing the equivalent value of alleged proceeds of crime, not only property directly acquired from them. The stated prima facie material includes Section 50 statements, CCTV evidence, bank trails, transactions through alleged shell entities, transfers to bullion traders, and admissions concerning demonetised currency and gold dealings. This material supports a reason to believe that the property was connected with the alleged collection, placement, layering and conversion of demonetised currency into gold. On that basis, confirmation of the attachment is treated as sustainable and the appeal is dismissed. en-us Thu, 05 Feb 2026 00:00:00 +0530 Sat, 07 Mar 2026 08:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787498 Provisional attachment of immovable property under the Prevention of Money Laundering Act may extend to property representing the equivalent value of alleged proceeds of crime, not only property directly acquired from them. The stated prima facie material includes Section 50 statements, CCTV evidence, bank trails, transactions through alleged shell entities, transfers to bullion traders, and admissions concerning demonetised currency and gold dealings. This material supports a reason to believe that the property was connected with the alleged collection, placement, layering and conversion of demonetised currency into gold. On that basis, confirmation of the attachment is treated as sustainable and the appeal is dismissed. Case-Laws Money Laundering Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787498