https://www.taxtmi.com/caselaws?id=198837 The Tribunal upheld the provisional attachment order under the Prevention of Money Laundering Act, confirming properties valued at Rs. 21,16,00,171/- as proceeds of crime. The appellant's role as CEO in fraudulent activities, including diversion of funds and creation of bogus accounts, led to the dismissal of the appeal. The Tribunal emphasized the necessity to protect and preserve the attached properties until final confiscation, denying the appellant's plea to quash the attachment order. en-us Fri, 05 Jun 2015 00:00:00 +0530 Sat, 10 Feb 2018 07:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198837 The Tribunal upheld the provisional attachment order under the Prevention of Money Laundering Act, confirming properties valued at Rs. 21,16,00,171/- as proceeds of crime. The appellant's role as CEO in fraudulent activities, including diversion of funds and creation of bogus accounts, led to the dismissal of the appeal. The Tribunal emphasized the necessity to protect and preserve the attached properties until final confiscation, denying the appellant's plea to quash the attachment order. Case-Laws Money Laundering Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198837