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2018 (10) TMI 1014 - AT - Money LaunderingAttachment orders - PMLA proceedings - main contention of the appellant is that the appellant has no connection or related to Syed Mobin and his wife, Aisha Naheed his property was wrongly attached under suspicion, therefore, both the orders should be quashed. Held that:- The appellant submits that his property was attached merely on the basis of that the appellant and Aisha Naheed were carrying on partnership business under the name of M/s. Premier Plastic Industries by virtue of partnership deed dated 25.08.1989, till 31.03.1998. She has already retired from the partnership business and deed of retirement was executed between the parties on 31.03.1998 and by virtue of said retirement deed, the appellant became the absolute owner and proprietor of said M/s. Premier Plastic Industries. There was no justification whatsoever to attach his property. Additional arguments are made on his behalf that the main accused Syed Mobin has already been discharged in the schedule offence by the Judgement dated 1st April, 2017 where no appeal has been filed by the State and similarly he and his wife have also been discharged by the Special Court (Lokayukta) and Principal Sessions Judge at Kalaburagi in the PMLA complaint being Special Case no. 58/2016 by Judgement dated 1.8.2018. There is no challenge on behalf of the respondent for passing of two Judgements acquitting the main accused Syed Mobin and his wife in PMLA proceedings. Provisional attachment order quashed. The properties attached are released forthwith.
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