AT affirmed the provisional attachment order in a money ...

Tribunal Validates Provisional Attachment in Money Laundering Case, Confirms Proceeds of Crime Under PMLA Provisions

April 9, 2025

Case Laws Money Laundering AT

AT affirmed the provisional attachment order in a money laundering case involving alleged bank fraud. The tribunal held that: (1) a predicate offense existed at the time of ECIR recording, validating the proceedings; (2) properties were acquired subsequent to the criminal activity and qualify as "proceeds of crime"; (3) the confirmation order issued within 180 days, with a subsequent corrigendum correcting a typographical error relates back to the original order without invalidating the proceedings. The corrigendum did not alter the substantive order's intent. Consequently, the tribunal dismissed the appeal, upholding the provisional attachment and PMLA proceedings against the appellant.

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AT affirmed the provisional attachment order in a money ...

Tribunal Validates Provisional Attachment in Money Laundering Case, Confirms Proceeds of Crime Under PMLA Provisions

April 9, 2025

Case Laws Money Laundering AT

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