https://www.taxtmi.com/caselaws?id=796983 Under the Prevention of Money Laundering Act, 2002, property traceable to proceeds of scheduled offences remains liable to attachment despite layering or acquisition in another person's name. Active and knowing participation in fraudulent schemes, receipt of funds from group entities, and use of those funds to acquire assets supported treatment of the assets as proceeds of crime. Claimed commission income did not displace that evidence. Assets held in a spouse's name were funded by tainted proceeds, while an asserted loan did not explain the remaining consideration or repayment. Continued enjoyment of rental income established beneficial control over nominally transferred property and supported concealment findings. Provisional attachment was therefore sustained. en-us Mon, 13 Jul 2026 00:00:00 +0530 Fri, 14 Aug 2026 07:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796983 Under the Prevention of Money Laundering Act, 2002, property traceable to proceeds of scheduled offences remains liable to attachment despite layering or acquisition in another person's name. Active and knowing participation in fraudulent schemes, receipt of funds from group entities, and use of those funds to acquire assets supported treatment of the assets as proceeds of crime. Claimed commission income did not displace that evidence. Assets held in a spouse's name were funded by tainted proceeds, while an asserted loan did not explain the remaining consideration or repayment. Continued enjoyment of rental income established beneficial control over nominally transferred property and supported concealment findings. Provisional attachment was therefore sustained. Case-Laws Money Laundering Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796983