https://www.taxtmi.com/caselaws?id=771564 The Appellate Tribunal under SAFEMA upheld the provisional attachment of a flat under PMLA, finding the property tainted as loan EMIs were paid through proceeds of crime despite the loan being sanctioned before the predicate offense. However, recognizing the appellant cooperative housing finance corporation as a bona fide secured creditor not involved in criminal activity, the Tribunal granted liberty to invoke Sections 8(7) and 8(8) of PMLA before the Special Court to seek restoration or release of the attached property, balancing anti-money laundering enforcement with protection of legitimate third-party interests. en-us Thu, 22 May 2025 00:00:00 +0530 Wed, 28 May 2025 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771564 The Appellate Tribunal under SAFEMA upheld the provisional attachment of a flat under PMLA, finding the property tainted as loan EMIs were paid through proceeds of crime despite the loan being sanctioned before the predicate offense. However, recognizing the appellant cooperative housing finance corporation as a bona fide secured creditor not involved in criminal activity, the Tribunal granted liberty to invoke Sections 8(7) and 8(8) of PMLA before the Special Court to seek restoration or release of the attached property, balancing anti-money laundering enforcement with protection of legitimate third-party interests. Case-Laws Money Laundering Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771564