https://www.taxtmi.com/caselaws?id=467371 Provisional attachment under the Prevention of Money Laundering Act is sustainable where credible material shows property transfers were collusive and intended to frustrate confiscation; the tribunal applied the principle that a general power of attorney does not by itself transfer title and evaluated timing of sale registrations, absence of contemporaneous consideration, and inconsistent ownership assertions as evidence of concealment or transfer risk, concluding the statutory prerequisites for provisional attachment were met and that the appellant did not prove bona fide purchaser status, with the appeal dismissed. en-us Wed, 18 Dec 2024 00:00:00 +0530 Mon, 16 Mar 2026 19:04:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467371 Provisional attachment under the Prevention of Money Laundering Act is sustainable where credible material shows property transfers were collusive and intended to frustrate confiscation; the tribunal applied the principle that a general power of attorney does not by itself transfer title and evaluated timing of sale registrations, absence of contemporaneous consideration, and inconsistent ownership assertions as evidence of concealment or transfer risk, concluding the statutory prerequisites for provisional attachment were met and that the appellant did not prove bona fide purchaser status, with the appeal dismissed. Case-Laws Money Laundering Wed, 18 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467371