https://www.taxtmi.com/caselaws?id=802459 Material beyond suspicion supported the attachment of bank funds as proceeds of crime under the Prevention of Money Laundering Act, 2002. It included the managing director's recorded statement and an admitted amount payable to an entity controlled by the principal accused. The entity had not pursued recovery, while the appellant sought release of the funds for transfer to it. Describing the funds as working capital conflicted with the admission that they were payable to the entity. The funds were treated as proceeds of crime involved in money laundering. en-us Wed, 04 Nov 2026 00:00:00 +0530 Fri, 06 Nov 2026 08:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802459 Material beyond suspicion supported the attachment of bank funds as proceeds of crime under the Prevention of Money Laundering Act, 2002. It included the managing director's recorded statement and an admitted amount payable to an entity controlled by the principal accused. The entity had not pursued recovery, while the appellant sought release of the funds for transfer to it. Describing the funds as working capital conflicted with the admission that they were payable to the entity. The funds were treated as proceeds of crime involved in money laundering. Case-Laws Money Laundering Wed, 04 Nov 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802459