https://www.taxtmi.com/caselaws?id=196107 Provisional attachment under the Prevention of Money Laundering Act, 2002 was upheld because Sections 420 and 471 IPC had already been brought into the Schedule before the charge sheet and attachment order, making the jurisdictional objection fail. The tribunal held that the decisive point is when the person is charged and when attachment is ordered, together with material giving reason to believe that the property is proceeds of crime liable to defeat confiscation. The challenge based on non-recording of the complainant's statement in one FIR also failed, as PMLA proceedings are directed against property and the appellants did not show that the alleged investigative defect invalidated the criminal foundation. The appeals were dismissed. en-us Thu, 17 Dec 2015 00:00:00 +0530 Sun, 19 Nov 2017 06:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196107 Provisional attachment under the Prevention of Money Laundering Act, 2002 was upheld because Sections 420 and 471 IPC had already been brought into the Schedule before the charge sheet and attachment order, making the jurisdictional objection fail. The tribunal held that the decisive point is when the person is charged and when attachment is ordered, together with material giving reason to believe that the property is proceeds of crime liable to defeat confiscation. The challenge based on non-recording of the complainant's statement in one FIR also failed, as PMLA proceedings are directed against property and the appellants did not show that the alleged investigative defect invalidated the criminal foundation. The appeals were dismissed. Case-Laws Money Laundering Thu, 17 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196107