https://www.taxtmi.com/caselaws?id=788563 Property can be provisionally attached under the PMLA where investigation material shows a rational nexus between the asset and proceeds of crime, including indirect derivation or infusion of tainted funds. The plea that the transfers were loans failed because the record showed banking trail evidence and no credible documentary support for a clean source of funds, and attachment was not barred merely because the appellant was not named as an accused. The competent authority's reason to believe was upheld because it rested on statements and financial material indicating layering and concealment risk. Once that material was produced, the appellant had to prove the property was untainted, which was not done. en-us Thu, 19 Mar 2026 00:00:00 +0530 Wed, 25 Mar 2026 08:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788563 Property can be provisionally attached under the PMLA where investigation material shows a rational nexus between the asset and proceeds of crime, including indirect derivation or infusion of tainted funds. The plea that the transfers were loans failed because the record showed banking trail evidence and no credible documentary support for a clean source of funds, and attachment was not barred merely because the appellant was not named as an accused. The competent authority's reason to believe was upheld because it rested on statements and financial material indicating layering and concealment risk. Once that material was produced, the appellant had to prove the property was untainted, which was not done. Case-Laws Money Laundering Thu, 19 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788563