The AT examined the attachment of properties allegedly linked to ...

Legal Victory: Property Attachment Overturned as Appellant Proves Legitimate Fund Sources Under PMLA Section 8(3)

May 31, 2025

Case Laws Money Laundering AT

The AT examined the attachment of properties allegedly linked to proceeds of crime. The tribunal found no substantive evidence connecting the properties to criminal proceeds. The appellant demonstrated legitimate source of funds through sale of shares in 2009, receiving Rs. 18.87 crores. Properties at A-20 Kailash Colony were legally purchased from M/s Libra Realtors and M/s Dewan Realtors through registered deed in 2015, with full consideration paid via banking channels. The AT concluded the provisional attachment order was incorrectly issued, constituting potential double attachment. Consequently, the tribunal set aside the attachment order, allowing the appellant's appeal and rejecting the respondent's claims of proceeds of crime.

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The AT examined the attachment of properties allegedly linked to ...

Legal Victory: Property Attachment Overturned as Appellant Proves Legitimate Fund Sources Under PMLA Section 8(3)

May 31, 2025

Case Laws Money Laundering AT

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