https://www.taxtmi.com/caselaws?id=753980 The Appellate Tribunal under SAFEMA dismissed appeals challenging provisional attachment orders under PMLA, 2002. The case involved illegal foreign remittances to Hong Kong through fake import documents submitted to banks. The Tribunal held that prosecution complaints were filed and proceedings were pending against all appellants. Evidence including witness statements and confessions incriminated the appellants, while they failed to discharge their burden of proof under section 24. The Tribunal emphasized that provisional attachment is an emergent measure to preserve proceeds of crime until guilt or innocence is established, citing Vijay Madanlal Choudhary v. UoI. The attachment merely prohibits transfer but allows continued use and enjoyment of property. en-us Tue, 07 May 2024 00:00:00 +0530 Thu, 13 Jun 2024 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753980 The Appellate Tribunal under SAFEMA dismissed appeals challenging provisional attachment orders under PMLA, 2002. The case involved illegal foreign remittances to Hong Kong through fake import documents submitted to banks. The Tribunal held that prosecution complaints were filed and proceedings were pending against all appellants. Evidence including witness statements and confessions incriminated the appellants, while they failed to discharge their burden of proof under section 24. The Tribunal emphasized that provisional attachment is an emergent measure to preserve proceeds of crime until guilt or innocence is established, citing Vijay Madanlal Choudhary v. UoI. The attachment merely prohibits transfer but allows continued use and enjoyment of property. Case-Laws Money Laundering Tue, 07 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753980