https://www.taxtmi.com/caselaws?id=771829 The Appellate Tribunal under SAFEMA confirmed attachment of appellant's property as proceeds of crime under PMLA in connection with NSEL scam. Appellant's husband, an Assistant VP at NSEL, was involved in fraudulent activities including granting memberships to dubious entities and manipulating documents. The tribunal rejected appellant's defense that property was purchased from legitimate consultancy income from Aastha group, finding it false and an afterthought. Despite not being charge-sheeted in police case, appellant faced charges in ED's prosecution complaint. The tribunal held that property valued under Rs. 30 lakhs provided no benefit given the crores involved in fraud. Appeal dismissed. en-us Mon, 17 Mar 2025 00:00:00 +0530 Sat, 31 May 2025 08:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771829 The Appellate Tribunal under SAFEMA confirmed attachment of appellant's property as proceeds of crime under PMLA in connection with NSEL scam. Appellant's husband, an Assistant VP at NSEL, was involved in fraudulent activities including granting memberships to dubious entities and manipulating documents. The tribunal rejected appellant's defense that property was purchased from legitimate consultancy income from Aastha group, finding it false and an afterthought. Despite not being charge-sheeted in police case, appellant faced charges in ED's prosecution complaint. The tribunal held that property valued under Rs. 30 lakhs provided no benefit given the crores involved in fraud. Appeal dismissed. Case-Laws Money Laundering Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771829