https://www.taxtmi.com/caselaws?id=467821 Properties acquired from tainted funds could be provisionally attached and confirmed under the Prevention of Money Laundering Act, 2002 where the record showed mobilisation of public money through Ponzi-type schemes and diversion of those funds into asset purchases. The appellants failed to prove a lawful source for the attached properties, so the attachment was sustained. A Supreme Court order obtained by the director in his personal capacity did not affect the statutory attachment against the appellant companies, because the deposit made pursuant to his bail undertaking was not an order in their favour and did not displace confiscation proceedings under the Act. en-us Tue, 01 Jul 2025 00:00:00 +0530 Sat, 04 Apr 2026 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467821 Properties acquired from tainted funds could be provisionally attached and confirmed under the Prevention of Money Laundering Act, 2002 where the record showed mobilisation of public money through Ponzi-type schemes and diversion of those funds into asset purchases. The appellants failed to prove a lawful source for the attached properties, so the attachment was sustained. A Supreme Court order obtained by the director in his personal capacity did not affect the statutory attachment against the appellant companies, because the deposit made pursuant to his bail undertaking was not an order in their favour and did not displace confiscation proceedings under the Act. Case-Laws Money Laundering Tue, 01 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467821