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The AT upheld the provisional attachment order under the PMLA against the appellants, rejecting their contentions that they were not named accused or connected to predicate offences. It was held that attachment can be made irrespective of FIR status, and the relevant date for proceeds calculation is when the property is projected as untainted, not the offence date. The appellants failed to prove legitimate sources for the attached properties. The ED's directions for police possession and account freezing beyond 30 days complied with statutory provisions and rules. No violation of procedural rules or requirements under Sections 8(2) and 8(3) of the PMLA was found. Consequently, the appeal was dismissed in favor of the ED.
The AT upheld the provisional attachment order under the PMLA against the appellants, rejecting their contentions that they were not named accused or connected to predicate offences. It was held that attachment can be made irrespective of FIR status, and the relevant date for proceeds calculation is when the property is projected as untainted, not the offence date. The appellants failed to prove legitimate sources for the attached properties. The ED's directions for police possession and account freezing beyond 30 days complied with statutory provisions and rules. No violation of procedural rules or requirements under Sections 8(2) and 8(3) of the PMLA was found. Consequently, the appeal was dismissed in favor of the ED.
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