Provisional attachment - Prevention of Money Laundering - PMLA - ...

Money Laundering

February 29, 2020

Provisional attachment - Prevention of Money Laundering - PMLA - When an attempt is made to project proceeds of crime as untainted money and also when the burden of proof is on the accused to show that the property has not been purchased out of the proceeds of crime, it cannot be said that the mandate given by the Act and the Rules to evict the person in whose name the property stands from the property is manifestly arbitrary - Mere order of attachment cannot be said to be violative of Article 300 A of the Constitution of India. - HC

View Source