https://www.taxtmi.com/caselaws?id=470783 A PMLA attachment may continue against companies not accused in the scheduled offence if proceedings against the principal accused remain pending and the property is alleged to represent proceeds of crime. The notes state that substantial linked inflows, layering indicators, and failure to substantiate repayments or disprove connection with tainted funds justified applying the statutory presumptions and burden of proof; fixed assets may therefore remain attached as value of proceeds of crime despite prior acquisition or asserted explained sources. Attachment cannot exceed the value of proceeds of crime, but final quantification must be pursued before the Special Court because the record did not contain final figures from all scheduled offences. en-us Thu, 27 Jun 2024 00:00:00 +0530 Sat, 08 Aug 2026 11:10:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470783 A PMLA attachment may continue against companies not accused in the scheduled offence if proceedings against the principal accused remain pending and the property is alleged to represent proceeds of crime. The notes state that substantial linked inflows, layering indicators, and failure to substantiate repayments or disprove connection with tainted funds justified applying the statutory presumptions and burden of proof; fixed assets may therefore remain attached as value of proceeds of crime despite prior acquisition or asserted explained sources. Attachment cannot exceed the value of proceeds of crime, but final quantification must be pursued before the Special Court because the record did not contain final figures from all scheduled offences. Case-Laws Money Laundering Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470783