https://www.taxtmi.com/caselaws?id=792396 Retention and freezing of movable properties and bank accounts were upheld under the PMLA where investigation, including forensic audit findings, established a prima facie money trail from company funds to fictitious vendors and then to the appellants and related entities. The appellants failed to substantiate lawful acquisition through consultancy income, salary or rental receipts, as no reliable documentary proof of genuine services, appointment records, rent documents or similar evidence was produced. In these circumstances, the explanation for the assets was rejected and the assets were treated as proceeds of crime. en-us Thu, 07 May 2026 00:00:00 +0530 Thu, 28 May 2026 08:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792396 Retention and freezing of movable properties and bank accounts were upheld under the PMLA where investigation, including forensic audit findings, established a prima facie money trail from company funds to fictitious vendors and then to the appellants and related entities. The appellants failed to substantiate lawful acquisition through consultancy income, salary or rental receipts, as no reliable documentary proof of genuine services, appointment records, rent documents or similar evidence was produced. In these circumstances, the explanation for the assets was rejected and the assets were treated as proceeds of crime. Case-Laws Money Laundering Thu, 07 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792396