https://www.taxtmi.com/caselaws?id=792392 A traced money trail from alleged bank-fund diversion through group and paper entities justified provisional attachment of the appellants' properties, because the investigation material, forensic audit findings and statements under the Act showed layered transactions and acquisition of assets from proceeds of crime or their equivalent value. The appellants did not produce reliable material to rebut the tracing of funds. The plea that corporate debt restructuring, a deed of assignment, and alleged independent or surplus sources displaced liability also failed, because those documents did not negate the laundering trail and the statutory burden under the PMLA remained unmet. The challenge to the attachment therefore failed. en-us Mon, 13 Apr 2026 00:00:00 +0530 Thu, 28 May 2026 08:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792392 A traced money trail from alleged bank-fund diversion through group and paper entities justified provisional attachment of the appellants' properties, because the investigation material, forensic audit findings and statements under the Act showed layered transactions and acquisition of assets from proceeds of crime or their equivalent value. The appellants did not produce reliable material to rebut the tracing of funds. The plea that corporate debt restructuring, a deed of assignment, and alleged independent or surplus sources displaced liability also failed, because those documents did not negate the laundering trail and the statutory burden under the PMLA remained unmet. The challenge to the attachment therefore failed. Case-Laws Money Laundering Mon, 13 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792392