PMLA attachment requires a proven nexus between share application money and the scheduled offence, not unsupported allegations.

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....PMLA attachment of a company's properties requires a demonstrated nexus between the alleged proceeds of crime and a scheduled offence. Share application money linked to coal-block allocation could not be treated as proceeds of crime where investor statements did not show that the allocation induced the investments, and allegations of director-controlled entities or public-fund involvement lacked supporting particulars, complaint or FIR. The attachment confirmation was set aside for the appellant company because the requisite connection between the funds and the scheduled offence was not established.....