Home Case Index All Cases Money Laundering Money Laundering + AT Money Laundering - 2019 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (2) TMI 96 - AT - Money LaunderingRelease of amount confiscated - alleged proceeds of crime - appellant has admittedly has now furnished surety in the court, therefore, the surety being in excess to the controversial amount of Rs. Twenty Three Lacs pertaining to this account, the appellant seeks suitable directions for release of ₹ 29,96,055 - appellant has filed the appeal against the order dated 20-03-2013 passed by Adjudicating Authority in OC-163-12-PMLA which is pending before this tribunal and is now fixed for hearing for 22-04-2019. Held that:- In a way, ED wants to secure double the amount, one a surety given by the appellant as per order of Special Court and secondly on deposit, the FDR shall be prepared and shall not be encashed till the final order of PMLA complaint is decided. The contention of ED cannot be accepted on double attachment without prejudice. The surety given by the appellant may be treated as alleged proceed of crime - ED is directed to deposit a sum of ₹ 29,96,055.65/- in the same account within one week from today. In failure to so the attachment shall be treated as released without any further notice with regard to the said amount. The suggestion given on behalf of applicant is allowed. The applicant shall not deal with the said amount till further order of this Tribunal - application disposed off.
|