https://www.taxtmi.com/caselaws?id=468106 Attachment under the money-laundering law was upheld because the record showed repeated tainted receipts, bank movements, property acquisition, and transfers consistent with concealment and layering of funds. The appellant's claim that the proceeds of crime were limited to a smaller amount was rejected, as the investigation indicated a reasonable nexus between the attached assets and the alleged laundering activity, including repayment of loans and purchase of immovable property. A low-price transfer and the financing pattern of the other property further supported the connection. The challenge to confirmation of attachment therefore failed, and release of the attached properties was refused. en-us Tue, 25 Feb 2025 00:00:00 +0530 Thu, 16 Apr 2026 19:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468106 Attachment under the money-laundering law was upheld because the record showed repeated tainted receipts, bank movements, property acquisition, and transfers consistent with concealment and layering of funds. The appellant's claim that the proceeds of crime were limited to a smaller amount was rejected, as the investigation indicated a reasonable nexus between the attached assets and the alleged laundering activity, including repayment of loans and purchase of immovable property. A low-price transfer and the financing pattern of the other property further supported the connection. The challenge to confirmation of attachment therefore failed, and release of the attached properties was refused. Case-Laws Money Laundering Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468106