Case Law Analysis
|Gauhati High Court
PMLA Section 2(1)(u) | Property Acquired Before Scheduled Offense Not Proceeds of Crime Without Nexus: Gauhati HC
The Gauhati High Court has ruled that under the PMLA, property acquired prior to a scheduled offense cannot be classified as proceeds of crime merely based on its value or timing of acquisition. The ED must establish a direct nexus between the property and the offense, reinforcing that mere possession or unexplained wealth is insufficient for attachment - a critical safeguard for law-abiding property owners caught in enforcement dragnets.