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2015 (12) TMI 1744 - AT - Money LaunderingProvisional attachment - offence under PMLA - Held that:- The appellant has failed to show that the advance of ₹ 33 lakhs received by him from Salve Regina Charitable Trust out of proceeds of crime was returned by him to Smt. Regina Seelan and failed to show that the subject property do not confirm to the definition of proceeds of crime in accordance with the provisions of Section 2(u) of the PMLA and therefore the same is not liable to attachment under PMLA. Therefore, for the foregoing reasons, the appeal of the appellant fails and it is therefore, dismissed. Considering the facts and circumstances, the parties are however, left to bear their own costs.
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