Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
AT held that provisional attachment under PMLA is valid despite multiple challenges. The property can be attached even though the appellant was not charged with predicate offences, and the purchase occurred after the alleged crime period. The tribunal rejected the appellant's claim of funds originating from her daughter, finding insufficient documentary evidence to prove legitimate source. The attachment was upheld based on the continuing nature of money laundering offences, emphasizing that proceeds of crime can be seized when discovered, irrespective of the original transaction timeline. Appeal dismissed in favor of ED.
AT held that provisional attachment under PMLA is valid despite multiple challenges. The property can be attached even though the appellant was not charged with predicate offences, and the purchase occurred after the alleged crime period. The tribunal rejected the appellant's claim of funds originating from her daughter, finding insufficient documentary evidence to prove legitimate source. The attachment was upheld based on the continuing nature of money laundering offences, emphasizing that proceeds of crime can be seized when discovered, irrespective of the original transaction timeline. Appeal dismissed in favor of ED.
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