Home Case Index All Cases Money Laundering Money Laundering + HC Money Laundering - 2018 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (2) TMI 2048 - HC - Money LaunderingViolation of principles of natural justice - petitioners' case is that before passing the order of provisional attachment, another opportunity of hearing should have been given to them - Money Laundering - scheduled offence - proceeds of crime - attachment of property - properties are suspected to be the proceeds of crime - HELD THAT:- Before passing the order of provisional attachment the petitioners were given opportunity and only thereafter being satisfied that there are materials to believe the properties in the possession of the petitioners are likely to be proceeds of crime, the provisional attachment order has been passed to avoid transfer or concealment. The order of provisional attachment is strictly in conformity to Section 5 of the PMLA. The action of provisional attachment has been initiated by the competent authority only after registration of complaint of schedule offences namely Sections 120 B, 420, 467 and 471 of IPC r/w Sections 3 and 4 of the Explosive Substances Act - Since the matter has been seized by the adjudication authority, we are restraining ourselves from expressing any view on the merit of this case except dismissing the writ petition as devoid of merits. Petition dismissed.
|