https://www.taxtmi.com/caselaws?id=788451 Under the Act, attachment is not limited to property directly derived from the scheduled offence; it can extend to the equivalent value of proceeds of crime where the tainted assets are unavailable. Pre-offence acquisition did not, by itself, bar attachment. The absence of the appellants' names in the predicate FIR was treated as immaterial because action may proceed against any person found in possession of proceeds of crime. On the material accepted, the claimed commercial receipts were linked to funds routed through a connected foreign entity, the appellant company was treated as a shell company, and the burden to disprove tainted origin was not discharged. The attachment and its confirmation were sustained. en-us Thu, 19 Mar 2026 00:00:00 +0530 Mon, 23 Mar 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788451 Under the Act, attachment is not limited to property directly derived from the scheduled offence; it can extend to the equivalent value of proceeds of crime where the tainted assets are unavailable. Pre-offence acquisition did not, by itself, bar attachment. The absence of the appellants' names in the predicate FIR was treated as immaterial because action may proceed against any person found in possession of proceeds of crime. On the material accepted, the claimed commercial receipts were linked to funds routed through a connected foreign entity, the appellant company was treated as a shell company, and the burden to disprove tainted origin was not discharged. The attachment and its confirmation were sustained. Case-Laws Money Laundering Thu, 19 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788451