https://www.taxtmi.com/caselaws?id=789150 Property acquired before the scheduled offence may still be attached under the Prevention of Money Laundering Act, 2002 as equivalent value of proceeds of crime when the tainted property is not traceable. The tribunal read "proceeds of crime" as covering both property derived from criminal activity and its value, so attachment is not limited to physically identifiable tainted assets. Where the proceeds have been siphoned off, vanished, or are otherwise unavailable, attachment of other property of equivalent value is permitted to preserve the scheme against money laundering and avoid making the equivalent-value limb redundant. en-us Thu, 11 Dec 2025 00:00:00 +0530 Sat, 04 Apr 2026 08:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789150 Property acquired before the scheduled offence may still be attached under the Prevention of Money Laundering Act, 2002 as equivalent value of proceeds of crime when the tainted property is not traceable. The tribunal read "proceeds of crime" as covering both property derived from criminal activity and its value, so attachment is not limited to physically identifiable tainted assets. Where the proceeds have been siphoned off, vanished, or are otherwise unavailable, attachment of other property of equivalent value is permitted to preserve the scheme against money laundering and avoid making the equivalent-value limb redundant. Case-Laws Money Laundering Thu, 11 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789150