<h1>Benami property attachment leads to provisional seizure of allegedly benami convertible shares linked to concealed investment through shell companies.</h1> A provisional attachment order under the Benami Property Transactions Act targets non cumulative compulsory convertible preference shares alleged to be held benami. The department alleges these shares were received via shell companies and recorded as FDI into Optima Infrastructure, with the underlying funds generated through over invoicing by an affiliated company. The named individual is identified as the beneficial owner and charged under the benami provisions following raids and document seizure.