https://www.taxtmi.com/caselaws?id=773859 The Appellate Tribunal under SAFEMA at New Delhi dismissed an appeal challenging property attachment orders in a money laundering case involving large-scale misappropriation of scholarship funds. The appellants contended that no prosecution complaint was filed within 365 days and that they had no direct link to the alleged offence. The Tribunal held that attachment proceedings protect property until investigation and trial conclusion, and since a prosecution complaint was already filed, releasing properties would render proceedings nugatory. The Tribunal found sufficient evidence linking the first appellant to money laundering, including his admission regarding fund sources from the consultancy company. The appeal was dismissed with confirmation of the attachment orders. en-us Wed, 14 May 2025 00:00:00 +0530 Mon, 30 Jun 2025 08:43:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773859 The Appellate Tribunal under SAFEMA at New Delhi dismissed an appeal challenging property attachment orders in a money laundering case involving large-scale misappropriation of scholarship funds. The appellants contended that no prosecution complaint was filed within 365 days and that they had no direct link to the alleged offence. The Tribunal held that attachment proceedings protect property until investigation and trial conclusion, and since a prosecution complaint was already filed, releasing properties would render proceedings nugatory. The Tribunal found sufficient evidence linking the first appellant to money laundering, including his admission regarding fund sources from the consultancy company. The appeal was dismissed with confirmation of the attachment orders. Case-Laws Money Laundering Wed, 14 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773859