https://www.taxtmi.com/caselaws?id=800072 Section 2(1)(u) of the Prevention of Money Laundering Act treats proceeds of crime as property derived or obtained from criminal activity, including the value of that property. The reference to property value permits provisional attachment of untainted property of equivalent value where the actual tainted assets cannot be traced, have been siphoned off, vanished, or laundered. Limiting attachment to property directly linked to a scheduled offence would deprive the equivalent-value provision of effect. Property acquired before the scheduled offence may therefore be attached when necessary to secure unavailable proceeds of crime. en-us Mon, 21 Sep 2026 00:00:00 +0530 Thu, 01 Oct 2026 07:40:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800072 Section 2(1)(u) of the Prevention of Money Laundering Act treats proceeds of crime as property derived or obtained from criminal activity, including the value of that property. The reference to property value permits provisional attachment of untainted property of equivalent value where the actual tainted assets cannot be traced, have been siphoned off, vanished, or laundered. Limiting attachment to property directly linked to a scheduled offence would deprive the equivalent-value provision of effect. Property acquired before the scheduled offence may therefore be attached when necessary to secure unavailable proceeds of crime. Case-Laws Money Laundering Mon, 21 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800072