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2015 (7) TMI 1269 - AT - Money LaunderingOffence under PMLA - confirmation of attachment of the properties - Held that:- The applicant has not produced any relevant documents to show that he had such dealings which would have generated money for him in his companies and businesses. The appellants has failed to discharge the burden which was on him under the Act. The applicant has alleged that he withdrew the money from the bank to purchase the land with another accused, however, it has not been shown even prima-facie as to from where the money had come in the businesses of the appellant. Except making bald allegations that the applicant had been doing businesses, the details of various transactions done by him was given by the appellant. In the circumstances, none of the allegations made by the appellant can be accepted. Order of confirmation of attachment of the properties of the appellant are repelled and cannot be accepted. No illegality, irregularity has been made out in the impugned order which will entail interference by this Appellate Tribunal in exercising its appellate jurisdiction. No other pleas have been raised on behalf of the appellant except those which have been dealt with herein-above by this Tribunal. Therefore the appeal of the appellant must fail. The appellant is not entitled for the reliefs claimed in the appeal. The provisional attachment order and impugned order confirming the attachment order cannot be set aside in the facts and circumstances.
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