https://www.taxtmi.com/caselaws?id=800453 PMLA attachment of a bank balance requires an identifiable nexus between the property and proceeds of crime derived from a scheduled offence. No fintech or service-provider entity was shown to operate the relevant lending application, and predicate-offence chargesheets neither implicated the appellant nor attributed alleged criminal activity to that application. Alleged commission income was not linked to identified criminal proceeds, while an outstanding contractual loan component could not, without further material, be characterised as proceeds of crime. As the available bank balance was not specifically traced to a scheduled offence, the required nexus was absent and the property could not be treated as proceeds of crime. en-us Tue, 29 Sep 2026 00:00:00 +0530 Wed, 07 Oct 2026 08:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800453 PMLA attachment of a bank balance requires an identifiable nexus between the property and proceeds of crime derived from a scheduled offence. No fintech or service-provider entity was shown to operate the relevant lending application, and predicate-offence chargesheets neither implicated the appellant nor attributed alleged criminal activity to that application. Alleged commission income was not linked to identified criminal proceeds, while an outstanding contractual loan component could not, without further material, be characterised as proceeds of crime. As the available bank balance was not specifically traced to a scheduled offence, the required nexus was absent and the property could not be treated as proceeds of crime. Case-Laws Money Laundering Tue, 29 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800453