https://www.taxtmi.com/caselaws?id=773065 The Appellate Tribunal under SAFEMA dismissed an appeal challenging the Adjudicating Authority's order confirming attachment of properties in a money laundering case. The appellant operated fraudulent investment schemes collecting Rs. 200 crores from the public with false promises of residential houses and high interest rates. The Tribunal rejected arguments that charge sheets were not filed, clarifying that charge sheets were filed in 2011 for FIRs from 2010-2011. The Tribunal held that section 420 IPC was added as a scheduled offence in 2009, not 2013, making the 2012 ECIR valid. The provisional attachment order was upheld as the amount involved exceeded the Rs. 30 lakh threshold for Part B scheduled offences, and the attachment was justified to prevent frustration of proceedings. en-us Thu, 20 Mar 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773065 The Appellate Tribunal under SAFEMA dismissed an appeal challenging the Adjudicating Authority's order confirming attachment of properties in a money laundering case. The appellant operated fraudulent investment schemes collecting Rs. 200 crores from the public with false promises of residential houses and high interest rates. The Tribunal rejected arguments that charge sheets were not filed, clarifying that charge sheets were filed in 2011 for FIRs from 2010-2011. The Tribunal held that section 420 IPC was added as a scheduled offence in 2009, not 2013, making the 2012 ECIR valid. The provisional attachment order was upheld as the amount involved exceeded the Rs. 30 lakh threshold for Part B scheduled offences, and the attachment was justified to prevent frustration of proceedings. Case-Laws Money Laundering Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773065