2023 (7) TMI 1414 - SCH - Money Laundering

Money Laundering - Attachment of property - proceeds of crime - HELD THAT - In the impugned orders, a finding has been recorded that the property which was attached, was not acquired from the proceeds of the crime. This finding is not disputed by the petitioner. Moreover, it is not the case of the petitioner that value of the attached property mentioned in the impugned orders is incorrect. It is declined to entertain these Special Leave Petitions and the same are accordingly disposed of.

Summary

Issues Involved:
The judgment involves the issue of property attachment and whether it was acquired from the proceeds of the crime.

The Supreme Court, comprising Hon'ble Mr. Justice Abhay S. Oka and Hon'ble Mr. Justice Sanjay Karol, heard the matter. The Court noted that the property in question, which was attached, was found not to be acquired from the proceeds of the crime. This crucial finding was undisputed by the petitioner. Additionally, the petitioner did not contest the accuracy of the value of the attached property as mentioned in the impugned orders.

Consequently, considering the established facts, the Court decided not to entertain the Special Leave Petitions filed by the petitioner and disposed of the same accordingly. The pending applications were also disposed of in light of this decision.