https://www.taxtmi.com/caselaws?id=788322 Provisional attachment under the Prevention of Money Laundering Act is sustainable only where material exists showing that proceeds of crime, or their value, flowed directly or indirectly to the person whose property is sought to be attached; the value limb requires evidence of actual transfer or receipt of tainted funds. Mere common directorship or shareholding and transactional records absent proof of fund flow do not satisfy the reason-to-believe threshold and cannot support attachment. Consequently, attachments based solely on forensic reports identifying related companies without evidence of transfer of tainted funds must be set aside. en-us Mon, 16 Mar 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788322 Provisional attachment under the Prevention of Money Laundering Act is sustainable only where material exists showing that proceeds of crime, or their value, flowed directly or indirectly to the person whose property is sought to be attached; the value limb requires evidence of actual transfer or receipt of tainted funds. Mere common directorship or shareholding and transactional records absent proof of fund flow do not satisfy the reason-to-believe threshold and cannot support attachment. Consequently, attachments based solely on forensic reports identifying related companies without evidence of transfer of tainted funds must be set aside. Case-Laws Money Laundering Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788322