The AT dismissed the appeal and upheld the Provisional...

The AT dismissed the appeal and upheld the Provisional Attachment Order, finding the appellant to be a recipient and parking point of proceeds of crime rather than a bona fide trader. The Tribunal held that corroborative evidence - including bank records, the statement under s.50(2) and absence of delivery, trade licence, mining lease or Ravana documents - established receipt of advance payments for mineral supply that never occurred and absence of lawful extraction/royalty compliance. The AT further held that naming as an accused in the charge-sheet was unnecessary for attachment where property constitutes proceeds of crime. No reversible error was found in the impugned order and interference was refused.

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