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2015 (11) TMI 1694 - AT - Money LaunderingPMLA - attachment of residential houses - Provisional Attachment Order - accused of commission of scheduled offence under PMLA - Held that:- The appellant did not have any nexus with the accused Shri Praramjit Singh Sandhu or his wife Smt. Parminder Kaur, that he did not know about the criminality attached to the subject property and that the appellant is a bonafide purchaser of the subject property in good faith for consideration. We accordingly hold that the subject property i.e. residential house No. B-32-E, 14/6290 Plot No. 53 - 54, New Akash Nagar, Village Bhura, Jalandher By Pass, Ludhiana in the hands of appellant is not proceeds of crime and is therefore, not liable to provisions of attachment and confiscation under PMLA. Consequently, the appeal is allowed and the impugned order dated 25th November, 2010 to the extent of confirming provisional attachment of the subject property and provisional attachment order No. 01/2008 dated 23rd December, 2008 to the extent of provisional attachment of subject property are set aside
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