https://www.taxtmi.com/caselaws?id=762891 The Appellate Tribunal under SAFEMA at New Delhi allowed an appeal challenging provisional attachment orders under money laundering provisions. The accused and associated entities had their properties attached in connection with a predicate offence. However, the accused were subsequently discharged from the predicate offence by a competent court in 2021, and this discharge order attained finality without challenge. The Tribunal held that since the money laundering charges were based on the scheduled predicate offence from which the accused were discharged, the provisional attachment orders could not sustain. The Tribunal set aside both the provisional attachment and its confirmation orders, ruling that the attachment lacked legal basis following the discharge from the underlying offence. en-us Tue, 29 Oct 2024 00:00:00 +0530 Tue, 10 Dec 2024 08:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762891 The Appellate Tribunal under SAFEMA at New Delhi allowed an appeal challenging provisional attachment orders under money laundering provisions. The accused and associated entities had their properties attached in connection with a predicate offence. However, the accused were subsequently discharged from the predicate offence by a competent court in 2021, and this discharge order attained finality without challenge. The Tribunal held that since the money laundering charges were based on the scheduled predicate offence from which the accused were discharged, the provisional attachment orders could not sustain. The Tribunal set aside both the provisional attachment and its confirmation orders, ruling that the attachment lacked legal basis following the discharge from the underlying offence. Case-Laws Money Laundering Tue, 29 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762891