https://www.taxtmi.com/caselaws?id=467962 Provisional attachment under PMLA can be sustained where the Enforcement Directorate has material to form reason to believe that property may be concealed, transferred or dealt with to frustrate confiscation. The pendency of a money-laundering prosecution complaint is not a precondition at the attachment stage if the predicate offence complaint or charge sheet has already been filed. Attachment is not limited to persons named in the scheduled offence or ECIR when the property itself is traced to proceeds of crime. A transaction found to be sham, unsupported by real consideration, and intended to keep assets beyond reach does not confer bona fide purchaser protection. en-us Wed, 19 Feb 2025 00:00:00 +0530 Fri, 10 Apr 2026 11:23:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467962 Provisional attachment under PMLA can be sustained where the Enforcement Directorate has material to form reason to believe that property may be concealed, transferred or dealt with to frustrate confiscation. The pendency of a money-laundering prosecution complaint is not a precondition at the attachment stage if the predicate offence complaint or charge sheet has already been filed. Attachment is not limited to persons named in the scheduled offence or ECIR when the property itself is traced to proceeds of crime. A transaction found to be sham, unsupported by real consideration, and intended to keep assets beyond reach does not confer bona fide purchaser protection. Case-Laws Money Laundering Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467962