https://www.taxtmi.com/caselaws?id=789628 Genuine foreign direct investment received through banking channels after RBI approval and compliance with FEMA and SEBI formalities cannot be treated as proceeds of crime without a foundational money trail. The appellant company was not named in the predicate FIR, and mere linkage between the investing entities and alleged accused was insufficient absent evidence that those entities themselves received crime proceeds or that the appellant's bank accounts were used for layering or concealment. If the alleged crime proceeds were first used to acquire equity abroad and then routed back as FDI, the proper target would be the equity interest rather than the recipient's bank accounts. On that footing, the freezing and retention of the accounts was held illegal and unjustified. en-us Thu, 19 Mar 2026 00:00:00 +0530 Sat, 11 Apr 2026 08:53:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789628 Genuine foreign direct investment received through banking channels after RBI approval and compliance with FEMA and SEBI formalities cannot be treated as proceeds of crime without a foundational money trail. The appellant company was not named in the predicate FIR, and mere linkage between the investing entities and alleged accused was insufficient absent evidence that those entities themselves received crime proceeds or that the appellant's bank accounts were used for layering or concealment. If the alleged crime proceeds were first used to acquire equity abroad and then routed back as FDI, the proper target would be the equity interest rather than the recipient's bank accounts. On that footing, the freezing and retention of the accounts was held illegal and unjustified. Case-Laws Money Laundering Thu, 19 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789628