https://www.taxtmi.com/caselaws?id=792395 Section 2(1)(u) of the Prevention of Money Laundering Act was read to include not only property derived from criminal activity, but also the value of such property. Where the tainted assets had been diverted, layered or dissipated and were no longer traceable, provisional attachment could extend to other property of equivalent value, even if acquired before the alleged offence, provided the statutory conditions under Section 5(1) were satisfied. On the facts, the funds were not available in identifiable form, so the pre-crime acquisition date did not defeat attachment and the equivalent-value properties remained liable. en-us Tue, 05 May 2026 00:00:00 +0530 Thu, 28 May 2026 08:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792395 Section 2(1)(u) of the Prevention of Money Laundering Act was read to include not only property derived from criminal activity, but also the value of such property. Where the tainted assets had been diverted, layered or dissipated and were no longer traceable, provisional attachment could extend to other property of equivalent value, even if acquired before the alleged offence, provided the statutory conditions under Section 5(1) were satisfied. On the facts, the funds were not available in identifiable form, so the pre-crime acquisition date did not defeat attachment and the equivalent-value properties remained liable. Case-Laws Money Laundering Tue, 05 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792395