Validity of the provisional attachment order - Money Laundering ...

Case Laws Money Laundering

May 30, 2023

Validity of the provisional attachment order - Money Laundering - The authorities, after elaborate discussion, made a finding that he has a reason to believe that the case under PMLA is established and therefore, invoked the powers under Section 5(1) of the PMLA and issued the order of provisional attachment. The language applied under the Act is “reason to believe”, therefore, it is sufficient if the authorities form an opinion that the materials available on record are sufficient for the purpose of proceeding against the persons. - petitioner has alternative appellate remedy. Writ petition dismissed. - HC

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Validity of the provisional attachment order - Money Laundering ...

Case Laws Money Laundering

May 30, 2023

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