Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
AT dismissed the appeal in money laundering case involving demonetized currency exchange. Despite no ongoing trial or charge sheet against the appellant, the Enforcement Directorate's Property Attachment Order (PAO) was upheld. The tribunal found substantial evidence of conspiracy and collusion with bank officials. Applying the second limb of "proceeds of crime" definition, the tribunal attached property of equivalent value. The appellant's arguments were rejected, with the tribunal noting the absence of closure report and clear indication of the appellant's role in the predicate offence. Appeal was conclusively dismissed as meritless.
AT dismissed the appeal in money laundering case involving demonetized currency exchange. Despite no ongoing trial or charge sheet against the appellant, the Enforcement Directorate's Property Attachment Order (PAO) was upheld. The tribunal found substantial evidence of conspiracy and collusion with bank officials. Applying the second limb of "proceeds of crime" definition, the tribunal attached property of equivalent value. The appellant's arguments were rejected, with the tribunal noting the absence of closure report and clear indication of the appellant's role in the predicate offence. Appeal was conclusively dismissed as meritless.
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