https://www.taxtmi.com/caselaws?id=355638 The court addressed appeals challenging a Provisional Attachment Order (PAO) confirming attachments made under the Prevention of Money Laundering Act. Allegations of bribery and undue benefit were made against private parties. The court emphasized statutory compliance for property attachment and found the PAO invalid for lack of satisfaction on potential concealment. It noted potential discrimination in actions against investors and upheld the validity of investments pending further examination. The court modified attachment orders, directing deposit of alleged amounts to secure interests. The appeals were disposed with directions to secure amounts pending proceedings before the Special Court, emphasizing adherence to statutory requirements. en-us Tue, 13 Feb 2018 00:00:00 +0530 Fri, 16 Feb 2018 07:12:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355638 The court addressed appeals challenging a Provisional Attachment Order (PAO) confirming attachments made under the Prevention of Money Laundering Act. Allegations of bribery and undue benefit were made against private parties. The court emphasized statutory compliance for property attachment and found the PAO invalid for lack of satisfaction on potential concealment. It noted potential discrimination in actions against investors and upheld the validity of investments pending further examination. The court modified attachment orders, directing deposit of alleged amounts to secure interests. The appeals were disposed with directions to secure amounts pending proceedings before the Special Court, emphasizing adherence to statutory requirements. Case-Laws Money Laundering Tue, 13 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355638