AT upheld property attachment under Prevention of ...

Property Attachment Upheld: Inherited Assets Can Be Seized as Equivalent Value of Proceeds of Crime Under PMLA

June 2, 2025

Case Laws Money Laundering AT

AT upheld property attachment under Prevention of Money-Laundering Act, finding that inherited or acquired property predating the scheduled offence can be attached as equivalent value of proceeds of crime. Despite a delay of over ten years since the initial FIR, the tribunal rejected appellant's challenge, relying on SC's interpretation in Vijay Madanlal Choudhary case. The attachment was validated under the second limb of "proceeds of crime" definition, even when original criminal proceeds were unavailable. Consequently, the appeal was dismissed, affirming ED's authority to attach property of equivalent value linked to alleged money laundering activities.

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AT upheld property attachment under Prevention of ...

Property Attachment Upheld: Inherited Assets Can Be Seized as Equivalent Value of Proceeds of Crime Under PMLA

June 2, 2025

Case Laws Money Laundering AT

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