https://www.taxtmi.com/highlights?id=90695 The AT dismissed the appeal, affirming the attachment of properties under PMLA against the appellant, a public servant accused of possessing disproportionate assets. The tribunal held that the ED is not mandated to conduct an independent investigation into the predicate offence, as its role is limited to identifying any obvious flaws in the police/CBI investigation. The attachment complied with the conditions under the second proviso of Section 5(1), considering the appellant's failure to substantiate additional income and the risk of asset alienation. The contention that assets acquired from legal sources cannot be attached was rejected, as illicit funds can be laundered through legal channels. The ED's attachment was proportionate and lim..... en-us Mon, 21 Jul 2025 08:43:49 +0530 Mon, 21 Jul 2025 08:43:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=90695 The AT dismissed the appeal, affirming the attachment of properties under PMLA against the appellant, a public servant accused of possessing disproportionate assets. The tribunal held that the ED is not mandated to conduct an independent investigation into the predicate offence, as its role is limited to identifying any obvious flaws in the police/CBI investigation. The attachment complied with the conditions under the second proviso of Section 5(1), considering the appellant's failure to substantiate additional income and the risk of asset alienation. The contention that assets acquired from legal sources cannot be attached was rejected, as illicit funds can be laundered through legal channels. The ED's attachment was proportionate and lim..... Highlights Money Laundering Mon, 21 Jul 2025 08:43:49 +0530 https://www.taxtmi.com/highlights?id=90695