https://www.taxtmi.com/caselaws?id=798714 Provisional attachment under the Prevention of Money Laundering Act, 2002 is examined in relation to assets allegedly acquired through layered share transactions involving bribe proceeds. Statements recorded under statutory powers, banking and trading records, inflated share prices, investments in non-functioning companies, and purchaser funding from external sources support a prima facie allegation that proceeds of crime were projected as legitimate long-term capital gains. Interconnected transactions attract the statutory presumption, while the appellant's role in the university trust weakens a claim of lack of influence. Pending scheduled-offence and money-laundering trials support preservation of the attached assets. en-us Thu, 03 Sep 2026 00:00:00 +0530 Fri, 11 Sep 2026 08:13:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798714 Provisional attachment under the Prevention of Money Laundering Act, 2002 is examined in relation to assets allegedly acquired through layered share transactions involving bribe proceeds. Statements recorded under statutory powers, banking and trading records, inflated share prices, investments in non-functioning companies, and purchaser funding from external sources support a prima facie allegation that proceeds of crime were projected as legitimate long-term capital gains. Interconnected transactions attract the statutory presumption, while the appellant's role in the university trust weakens a claim of lack of influence. Pending scheduled-offence and money-laundering trials support preservation of the attached assets. Case-Laws Money Laundering Thu, 03 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798714