https://www.taxtmi.com/caselaws?id=795037 Retention of seized records, cash, jewellery and electronic devices under the Prevention of Money Laundering Act requires recorded reasons to believe that the property is needed for adjudication proceedings. The material described unexplained capital contributions and loans, financial links with investigated entities, and inadequate evidence of fund sources and flows, supporting retention. A Supreme Court stay on the operation of an ECIR-quashing judgment leaves the pre-quashing position operative, so retention proceedings may continue. For the statutory 365-day period, time during which investigation is stayed by a court is excluded; on that basis, the prosecution complaint was filed within limitation. en-us Wed, 01 Jul 2026 00:00:00 +0530 Thu, 16 Jul 2026 09:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795037 Retention of seized records, cash, jewellery and electronic devices under the Prevention of Money Laundering Act requires recorded reasons to believe that the property is needed for adjudication proceedings. The material described unexplained capital contributions and loans, financial links with investigated entities, and inadequate evidence of fund sources and flows, supporting retention. A Supreme Court stay on the operation of an ECIR-quashing judgment leaves the pre-quashing position operative, so retention proceedings may continue. For the statutory 365-day period, time during which investigation is stayed by a court is excluded; on that basis, the prosecution complaint was filed within limitation. Case-Laws Money Laundering Wed, 01 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795037