https://www.taxtmi.com/caselaws?id=798934 Equivalent-value attachment under the Prevention of Money-laundering Act may extend to an accused's untainted asset, including property acquired before the scheduled offence, when actual proceeds of crime have been siphoned off, are unavailable, or cannot be traced. Legitimate disclosure of the asset's purchase funds does not preclude attachment where the asset is targeted solely as a substitute for untraceable proceeds, rather than as property derived from criminal activity. Attachment of jointly held property remains permissible where it is restricted to the quantified proceeds attributable to the accused and does not reach the non-accused spouse's share. The measure is limited to the value of the illicit gain. en-us Thu, 07 May 2026 00:00:00 +0530 Tue, 15 Sep 2026 08:31:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798934 Equivalent-value attachment under the Prevention of Money-laundering Act may extend to an accused's untainted asset, including property acquired before the scheduled offence, when actual proceeds of crime have been siphoned off, are unavailable, or cannot be traced. Legitimate disclosure of the asset's purchase funds does not preclude attachment where the asset is targeted solely as a substitute for untraceable proceeds, rather than as property derived from criminal activity. Attachment of jointly held property remains permissible where it is restricted to the quantified proceeds attributable to the accused and does not reach the non-accused spouse's share. The measure is limited to the value of the illicit gain. Case-Laws Money Laundering Thu, 07 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798934