https://www.taxtmi.com/caselaws?id=771904 The Appellate Tribunal under SAFEMA dismissed the appeal challenging property attachment under PMLA. The Tribunal held that scheduled offences under NDPS Act were established despite value not exceeding Rs. 30 lakhs, as Part A offences apply regardless of monetary threshold. Properties acquired before the alleged incident in 2011 were deemed proceeds of crime as they were maintained using payments from narcotics suppliers. The Tribunal ruled that properties of equivalent value can be attached when actual proceeds are unavailable, and attachment is valid even without charges against the appellant if involved in money laundering. The enforcement authority demonstrated sufficient reason to believe the properties constituted proceeds of crime, satisfying procedural requirements for attachment. en-us Wed, 05 Mar 2025 00:00:00 +0530 Mon, 02 Jun 2025 08:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771904 The Appellate Tribunal under SAFEMA dismissed the appeal challenging property attachment under PMLA. The Tribunal held that scheduled offences under NDPS Act were established despite value not exceeding Rs. 30 lakhs, as Part A offences apply regardless of monetary threshold. Properties acquired before the alleged incident in 2011 were deemed proceeds of crime as they were maintained using payments from narcotics suppliers. The Tribunal ruled that properties of equivalent value can be attached when actual proceeds are unavailable, and attachment is valid even without charges against the appellant if involved in money laundering. The enforcement authority demonstrated sufficient reason to believe the properties constituted proceeds of crime, satisfying procedural requirements for attachment. Case-Laws Money Laundering Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771904