https://www.taxtmi.com/caselaws?id=792736 Provisional attachment under the Prevention of Money-laundering Act was sustained where investigation materials showed a traceable link between the properties and proceeds of crime. Statements recorded during investigation, the history of land transfers from company assets, and the absence of credible bank records, loan documents, or other proof of valid consideration supported the finding that the assets had been diverted or shielded through namesake transfers or without consideration. The appellants failed to prove a lawful, independent source of acquisition, so the challenge to attachment failed and the confirmation of provisional attachment was upheld. en-us Thu, 30 Apr 2026 00:00:00 +0530 Wed, 03 Jun 2026 08:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792736 Provisional attachment under the Prevention of Money-laundering Act was sustained where investigation materials showed a traceable link between the properties and proceeds of crime. Statements recorded during investigation, the history of land transfers from company assets, and the absence of credible bank records, loan documents, or other proof of valid consideration supported the finding that the assets had been diverted or shielded through namesake transfers or without consideration. The appellants failed to prove a lawful, independent source of acquisition, so the challenge to attachment failed and the confirmation of provisional attachment was upheld. Case-Laws Money Laundering Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792736