https://www.taxtmi.com/caselaws?id=788999 Property traceable to diverted government funds was treated as proceeds of crime and remained liable to provisional attachment and confirmation under PMLA, even where the appellants were not named as accused and one principal person had died. The Tribunal noted that the statutory sweep extends to property derived directly or indirectly from criminal activity, and that tracing of assets to tainted funds was not displaced by any lawful source. The challenge to confirmation after 180 days also failed because the Covid-related exclusion period was applied to the Section 5(1) timeline, making the confirmations timely. The attachment confirmations were upheld. en-us Wed, 24 Sep 2025 00:00:00 +0530 Thu, 02 Apr 2026 08:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788999 Property traceable to diverted government funds was treated as proceeds of crime and remained liable to provisional attachment and confirmation under PMLA, even where the appellants were not named as accused and one principal person had died. The Tribunal noted that the statutory sweep extends to property derived directly or indirectly from criminal activity, and that tracing of assets to tainted funds was not displaced by any lawful source. The challenge to confirmation after 180 days also failed because the Covid-related exclusion period was applied to the Section 5(1) timeline, making the confirmations timely. The attachment confirmations were upheld. Case-Laws Money Laundering Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788999