https://www.taxtmi.com/caselaws?id=792393 The Tribunal held that the attached property bore a sufficient nexus with proceeds of crime under the Prevention of Money Laundering Act. It relied on investigation material showing misappropriation, statements indicating transfer of unexplained funds from the principal accused for purchase of land and construction of flats, and the absence of proof of an independent source for the purchase price, cash deposits, or construction expenses. The contention that the land was bought before the crime period was rejected because the investigation showed the criminal activity had in fact commenced from 2010. The confirmation of provisional attachment was upheld. en-us Mon, 04 May 2026 00:00:00 +0530 Thu, 28 May 2026 08:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792393 The Tribunal held that the attached property bore a sufficient nexus with proceeds of crime under the Prevention of Money Laundering Act. It relied on investigation material showing misappropriation, statements indicating transfer of unexplained funds from the principal accused for purchase of land and construction of flats, and the absence of proof of an independent source for the purchase price, cash deposits, or construction expenses. The contention that the land was bought before the crime period was rejected because the investigation showed the criminal activity had in fact commenced from 2010. The confirmation of provisional attachment was upheld. Case-Laws Money Laundering Mon, 04 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792393