https://www.taxtmi.com/caselaws?id=788318 The note addresses provisional attachment under the Prevention of Money Laundering Act, focusing on (i) corporate links and unexplained director/share transfers as indicia of shielding proceeds, (ii) attachment of property acquired prior to the offence as 'equivalent value' where proceeds cannot be traced, and (iii) satisfaction of Section 5(1) conditions-a recorded reason to believe and risk of concealment/alienation-based on FIRs, charge sheets and transfer patterns. The operative proposition is that where proceeds have been siphoned or layered and cannot be traced, equivalent-value properties may be provisionally attached subject to statutory safeguards and recorded reasons. The attachments were upheld. en-us Thu, 31 Jul 2025 00:00:00 +0530 Fri, 20 Mar 2026 08:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788318 The note addresses provisional attachment under the Prevention of Money Laundering Act, focusing on (i) corporate links and unexplained director/share transfers as indicia of shielding proceeds, (ii) attachment of property acquired prior to the offence as 'equivalent value' where proceeds cannot be traced, and (iii) satisfaction of Section 5(1) conditions-a recorded reason to believe and risk of concealment/alienation-based on FIRs, charge sheets and transfer patterns. The operative proposition is that where proceeds have been siphoned or layered and cannot be traced, equivalent-value properties may be provisionally attached subject to statutory safeguards and recorded reasons. The attachments were upheld. Case-Laws Money Laundering Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788318