https://www.taxtmi.com/caselaws?id=787552 Assets acquired from earnings generated through participation in an unlawful investment scheme may be treated as proceeds of crime and provisionally attached under the Prevention of Money Laundering Act, 2002. The Tribunal relied on the appellants' active role in promoting the schemes and collecting deposits, together with surrounding material, to hold that the properties were bought from tainted funds rather than lawful income. Claims that the properties were purchased from salary, commission or independent sources were rejected because those earnings themselves arose from the illegal activity, and the absence of separate arraignment as accused was immaterial where the person was found to be a recipient of proceeds of crime. en-us Mon, 15 Dec 2025 00:00:00 +0530 Mon, 09 Mar 2026 07:53:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787552 Assets acquired from earnings generated through participation in an unlawful investment scheme may be treated as proceeds of crime and provisionally attached under the Prevention of Money Laundering Act, 2002. The Tribunal relied on the appellants' active role in promoting the schemes and collecting deposits, together with surrounding material, to hold that the properties were bought from tainted funds rather than lawful income. Claims that the properties were purchased from salary, commission or independent sources were rejected because those earnings themselves arose from the illegal activity, and the absence of separate arraignment as accused was immaterial where the person was found to be a recipient of proceeds of crime. Case-Laws Money Laundering Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787552