https://www.taxtmi.com/caselaws?id=458087 The Appellate Tribunal SAFEMA upheld the provisional attachment order under PMLA 2002, rejecting challenges based on mis-joinder of parties and non-compliance with section 8(1). The tribunal found no mis-joinder as the accused were in possession of proceeds of crime when attachment was ordered, and the Official Liquidator's appointment was unknown to the Competent Authority. Section 8(1) compliance was satisfied as all accused persons alleged to have committed offences under section 3 were given hearing opportunities. The tribunal clarified that the Adjudicating Authority properly recorded prima facie findings about money laundering without making conclusive determinations about offence commission, which remains within Special Court jurisdiction. en-us Fri, 15 Dec 2023 00:00:00 +0530 Tue, 08 Oct 2024 07:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458087 The Appellate Tribunal SAFEMA upheld the provisional attachment order under PMLA 2002, rejecting challenges based on mis-joinder of parties and non-compliance with section 8(1). The tribunal found no mis-joinder as the accused were in possession of proceeds of crime when attachment was ordered, and the Official Liquidator's appointment was unknown to the Competent Authority. Section 8(1) compliance was satisfied as all accused persons alleged to have committed offences under section 3 were given hearing opportunities. The tribunal clarified that the Adjudicating Authority properly recorded prima facie findings about money laundering without making conclusive determinations about offence commission, which remains within Special Court jurisdiction. Case-Laws Money Laundering Fri, 15 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458087