https://www.taxtmi.com/caselaws?id=470783 PMLA attachment may continue against property holders who are not accused in the scheduled offence while proceedings against the principal accused remain pending, provided the property is alleged to represent proceeds of crime. Fixed assets may be attached as the value of proceeds of crime where material indicates layering through the entities and they do not provide cogent evidence rebutting the statutory presumptions and burden of proof. Prior acquisition or asserted explained sources do not alone exclude attachment. Attachment cannot exceed the value of proceeds of crime, but final quantification may require relief before the Special Court where prosecution proceedings remain pending. en-us Thu, 27 Jun 2024 00:00:00 +0530 Mon, 10 Aug 2026 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470783 PMLA attachment may continue against property holders who are not accused in the scheduled offence while proceedings against the principal accused remain pending, provided the property is alleged to represent proceeds of crime. Fixed assets may be attached as the value of proceeds of crime where material indicates layering through the entities and they do not provide cogent evidence rebutting the statutory presumptions and burden of proof. Prior acquisition or asserted explained sources do not alone exclude attachment. Attachment cannot exceed the value of proceeds of crime, but final quantification may require relief before the Special Court where prosecution proceedings remain pending. Case-Laws Money Laundering Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470783