Home Case Index All Cases Money Laundering Money Laundering + AT Money Laundering - 2016 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (1) TMI 1349 - ATPMLAOffence under PMLA - attachment of properties provisionally attached - violation of principles of natural justice premised on the plea of not serving the show cause notice in accordance with the provisions of PMLA and Adjudicating Authority Regulations, on account of not supplying the copy of Original Complaint and for not giving fair opportunity i.e. hearing the respondent on 9-3-2011 in his absence Held that:- The appellant has completely failed to demonstrate before us if any prejudice is caused to him on account of these infractions. Whether any purpose would be served in remitting the case to Adjudicating Authority for fresh adjudication after serving show cause notice u/s 8(1) of PMLA and after serving copy of Original Complaint and relied upon documents to the appellant? - Held that:- In the light of the facts of present case as discussed above, we find that such an exercise would be totally futile having regard to the fact that the appellant has totally failed to bring any material on record to refute the allegations of laundering proceeds of crime generated by Shri Madhu Koda, in the form of share capital money and unsecured loans procured by Shri Binod Sinha and his associates through accommodation entries from entry operators, made in the Provisional Attachment Order and in the Original Complaint.
|