https://www.taxtmi.com/caselaws?id=373667 The Tribunal allowed the appeals, setting aside the Provisional Attachment Order (PAO) against the appellants under the Prevention of Money Laundering Act. It found no direct link between the appellants and the accused, highlighting the lack of evidence implicating them in money laundering. The appellants demonstrated their innocence as bona fide purchasers, providing evidence of legitimate funds used for the property purchase. The Tribunal criticized the Adjudicating Authority for not considering this evidence. The prosecution complaint against the appellants was deemed to be filed with malicious intent, leading to the release of the attached property upon a security deposit of Rs. 6,47,25,000. en-us Fri, 11 Jan 2019 00:00:00 +0530 Fri, 18 Jan 2019 07:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373667 The Tribunal allowed the appeals, setting aside the Provisional Attachment Order (PAO) against the appellants under the Prevention of Money Laundering Act. It found no direct link between the appellants and the accused, highlighting the lack of evidence implicating them in money laundering. The appellants demonstrated their innocence as bona fide purchasers, providing evidence of legitimate funds used for the property purchase. The Tribunal criticized the Adjudicating Authority for not considering this evidence. The prosecution complaint against the appellants was deemed to be filed with malicious intent, leading to the release of the attached property upon a security deposit of Rs. 6,47,25,000. Case-Laws Money Laundering Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373667