AT upheld the provisional attachment order against the ...

Tribunal Confirms Provisional Attachment of Rs. 4.05 Crores Due to Lack of Credible Evidence on Fund Origins

May 31, 2025

Case Laws Money Laundering AT

AT upheld the provisional attachment order against the appellant, finding insufficient evidence to substantiate the source of Rs. 4.05 crores. Despite claims of income from salary and property sale, the appellant failed to provide credible documentation supporting the fund's origin. The tribunal noted suspicious cash deposits, undisclosed property transactions, and alleged recruitment bribery. The court determined the funds were proceeds of crime under money laundering statutes, rejecting the appellant's explanations as untrustworthy. Consequently, the provisional attachment order was confirmed, and the appeal was dismissed.

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AT upheld the provisional attachment order against the ...

Tribunal Confirms Provisional Attachment of Rs. 4.05 Crores Due to Lack of Credible Evidence on Fund Origins

May 31, 2025

Case Laws Money Laundering AT

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