AT determined appellant engaged in money laundering through ...

Money Laundering Conspiracy: Senior Manager Convicted for Suspicious Transactions and Illegal Property Sales Through Multiple Bank Accounts

June 6, 2025

Case Laws     Money Laundering     AT

AT determined appellant engaged in money laundering through criminal conspiracy while employed as Senior Manager at MECON Ltd. Appellant received Rs. 1,65,45,000 from two companies through multiple bank accounts of relatives and friends. Forensic analysis revealed suspicious property transactions, including sale of Tritiya Tower property at inflated rates without justifiable source of funds. Appellant failed to produce credible evidence substantiating legitimate sale transactions. Provisional attachment order of properties was upheld as legally valid. The appellate tribunal conclusively found no procedural irregularities in the original attachment order and consequently dismissed the appeal, maintaining the provisional attachment of appellant's properties.

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