https://www.taxtmi.com/caselaws?id=792394 An unsecured loan claim was rejected where the recipient admitted receiving funds from the main accused but produced no loan agreement or credible repayment evidence, and the was treated as proceeds of crime linked to laundering. The Tribunal also applied a broad construction of "proceeds of crime" under the PMLA, holding that where tainted assets are unavailable or have been siphoned off, provisional attachment may extend to property of equivalent value. Such attachment is not barred merely because the substituted property was acquired before the predicate offence. 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=792394 An unsecured loan claim was rejected where the recipient admitted receiving funds from the main accused but produced no loan agreement or credible repayment evidence, and the was treated as proceeds of crime linked to laundering. The Tribunal also applied a broad construction of "proceeds of crime" under the PMLA, holding that where tainted assets are unavailable or have been siphoned off, provisional attachment may extend to property of equivalent value. Such attachment is not barred merely because the substituted property was acquired before the predicate offence. Case-Laws Money Laundering Tue, 05 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792394