The Appellate Tribunal dismissed the appeals, holding that the ...

Retention of seized records in financial crime case upheld by tribunal.

December 4, 2024

Case Laws Money Laundering AT

The Appellate Tribunal dismissed the appeals, holding that the retention of records and digital devices seized by the respondents from M/s Moser Baer India Ltd. and Individuals was lawful. The offenses involved were punishable u/s 120-B read with Sections 420, 468, and 471 of the Indian Penal Code, and Section 13(2) read with Section 13(1)(d) of the Prevention of Corruption Act, 1988. The seized documents and gadgets were found relevant to the commission of the crime and were included in the prosecution complaint. The Tribunal ruled that Section 17 of the applicable law permits the recovery and retention of documents/records relating to money laundering, irrespective of whether they were in the possession of an accused person or not.

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The Appellate Tribunal dismissed the appeals, holding that the ...

Retention of seized records in financial crime case upheld by tribunal.

December 4, 2024

Case Laws Money Laundering AT

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