SC analyzed the duration of property attachment under PMLA ...

Supreme Court Clarifies Property Attachment Rules Under PMLA Section 8(3), Upholding Broader Investigative Powers in Money Laundering Cases

April 14, 2025

Case Laws Money Laundering SC

SC analyzed the duration of property attachment under PMLA Section 8(3), focusing on the applicability of legal provisions before and after amendment. The Court held that the original provision governs the attachment order, and the pendency of a complaint alleging money laundering offense is sufficient to maintain the attachment, irrespective of specific accused designation. The complaint's existence alone justifies continuing the property retention order. The SC set aside both the High Court and Appellate Tribunal orders, determining that the pre-amendment clause (a) applies, thereby allowing the attachment to remain in effect during ongoing legal proceedings related to the money laundering investigation.

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SC analyzed the duration of property attachment under PMLA ...

Supreme Court Clarifies Property Attachment Rules Under PMLA Section 8(3), Upholding Broader Investigative Powers in Money Laundering Cases

April 14, 2025

Case Laws Money Laundering SC

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