The AT upheld the provisional attachment order over the proceeds ...

Attachment order upheld despite 180-day lapse due to Covid-19 exclusion period.

January 22, 2025

Case Laws Money Laundering AT

The AT upheld the provisional attachment order over the proceeds of crime. Despite the lapse of 180 days u/s 5(3) of PMLA, the period from 15.03.2020 to 28.02.2022 was excluded due to Covid-19 as per the SC's order. The property, though purchased by a non-accused entity, could be attached as it constituted proceeds of crime transferred by the accused. The appeal was dismissed, upholding the attachment orders.

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The AT upheld the provisional attachment order over the proceeds ...

Attachment order upheld despite 180-day lapse due to Covid-19 exclusion period.

January 22, 2025

Case Laws Money Laundering AT

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