Predicate offence involving meagre disclosed income but ...

Tax evasion charges, properties attached as proceeds of crime.

Case Laws Money Laundering

October 9, 2024

Predicate offence involving meagre disclosed income but substantial investment in properties without proof of legitimate source. Provisional attachment of immovable properties permissible u/s 5(1) of the Act of 2002 to prevent likelihood of transfer. Inability to produce evidence substantiating claims of loans for property purchase. Dismissal of appeal as arguments regarding lack of material/evidence for involvement and against attachment found unsubstantiated. Attachment upheld to prevent potential transfer of tainted properties pending trial conclusion.

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Predicate offence involving meagre disclosed income but ...

Tax evasion charges, properties attached as proceeds of crime.

Case Laws Money Laundering

October 9, 2024

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