https://www.taxtmi.com/caselaws?id=797202 Provisional attachment of property held by a company not accused of money laundering requires material showing that proceeds of crime were transferred to the company and used for acquisition, or that the asset is validly identifiable as equivalent-value property of a person involved in money laundering. Property acquired through a bank auction using documented loan funds and the company's own savings cannot be treated as proceeds of crime without a demonstrated money trail. Alleged control by the principal accused, based mainly on unsupported witness statements, does not establish the accused's title, use of layered proceeds, or an equivalent-value basis for attachment. The attachment was therefore unsustainable. en-us Wed, 12 Aug 2026 00:00:00 +0530 Wed, 19 Aug 2026 08:20:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797202 Provisional attachment of property held by a company not accused of money laundering requires material showing that proceeds of crime were transferred to the company and used for acquisition, or that the asset is validly identifiable as equivalent-value property of a person involved in money laundering. Property acquired through a bank auction using documented loan funds and the company's own savings cannot be treated as proceeds of crime without a demonstrated money trail. Alleged control by the principal accused, based mainly on unsupported witness statements, does not establish the accused's title, use of layered proceeds, or an equivalent-value basis for attachment. The attachment was therefore unsustainable. Case-Laws Money Laundering Wed, 12 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797202