https://www.taxtmi.com/caselaws?id=772249 The Appellate Tribunal under SAFEMA upheld the provisional attachment order against a former Senior Manager of MECON Ltd. who received Rs. 1,65,45,000 as illegal gratification from two companies through various bank accounts. The appellant failed to justify property transactions worth Rs. 1.25 crores, including enhancement of property rates and could not provide credible evidence of legitimate sale transactions. The cancellation of sale agreement dated 12.10.2012 nullified the claimed receipt of sale consideration. The Tribunal found no illegality in the attachment order and dismissed the appeal. en-us Mon, 24 Mar 2025 00:00:00 +0530 Fri, 06 Jun 2025 08:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772249 The Appellate Tribunal under SAFEMA upheld the provisional attachment order against a former Senior Manager of MECON Ltd. who received Rs. 1,65,45,000 as illegal gratification from two companies through various bank accounts. The appellant failed to justify property transactions worth Rs. 1.25 crores, including enhancement of property rates and could not provide credible evidence of legitimate sale transactions. The cancellation of sale agreement dated 12.10.2012 nullified the claimed receipt of sale consideration. The Tribunal found no illegality in the attachment order and dismissed the appeal. Case-Laws Money Laundering Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772249