https://www.taxtmi.com/caselaws?id=467173 Provisional and confirmed attachments of an immovable flat and linked movable assets were upheld after tracing repayments and acquisitions to disputed reimbursements and subsequent transfers; the tribunal applied the principle that where assets can be traced to funds forming part of a money laundering chain and the claimant fails to produce credible documentary proof of lawful source, those assets may be treated as proceeds of crime and validly attached under the Prevention of Money Laundering Act. The appeals challenging confirmation of provisional attachments were dismissed, while secured creditors retain liberty to seek inter se determination of rights before the Special Court under the Act. en-us Thu, 06 Mar 2025 00:00:00 +0530 Tue, 10 Mar 2026 08:51:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467173 Provisional and confirmed attachments of an immovable flat and linked movable assets were upheld after tracing repayments and acquisitions to disputed reimbursements and subsequent transfers; the tribunal applied the principle that where assets can be traced to funds forming part of a money laundering chain and the claimant fails to produce credible documentary proof of lawful source, those assets may be treated as proceeds of crime and validly attached under the Prevention of Money Laundering Act. The appeals challenging confirmation of provisional attachments were dismissed, while secured creditors retain liberty to seek inter se determination of rights before the Special Court under the Act. Case-Laws Money Laundering Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467173