The Appellate Tribunal dismissed appeals challenging the interim ...

Money laundering suspects' appeals against freezing assets dismissed; evidence access allowed.

Case Laws     Money Laundering

October 4, 2024

The Appellate Tribunal dismissed appeals challenging the interim order passed by the Adjudicating Authority under the Prevention of Money Laundering Act, 2002, retaining/seizing/freezing documents, digital records, and bank accounts. The Enforcement Directorate had filed a prosecution complaint, wherein the appellants and other family members were accused. The properties were mentioned for confiscation upon conviction in the complaint case. The Tribunal held the impugned order as an interim step to protect the assets until trial conclusion, finding no illegality. However, the appellants were entitled to copies of relied-upon documents/seized material and could apply for release of unrequired documents, considering the prosecution complaint filing.

View Source