AT held that ED is not mandatorily required to conduct ...

Enforcement Directorate Can Use Existing Investigative Materials to Form Belief and Validate Asset Attachment Under PMLA

May 17, 2025

Case Laws Money Laundering AT

AT held that ED is not mandatorily required to conduct independent investigation for predicate offence to form "reason to believe" under PMLA. Attachment of bank accounts and assets worth Rs. 2,31,04,618.13 is valid based on existing FIR, police investigation, and scrutiny of financial records. Seizure by police and subsequent attachment by ED do not constitute double attachment, as these are distinct legal processes with different intents. The court emphasized that ED can rely on existing investigative materials to justify attachment without conducting a parallel investigation. Appeal against the attachment order was consequently dismissed.

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AT held that ED is not mandatorily required to conduct ...

Enforcement Directorate Can Use Existing Investigative Materials to Form Belief and Validate Asset Attachment Under PMLA

May 17, 2025

Case Laws Money Laundering AT

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