https://www.taxtmi.com/caselaws?id=775758 The AT under SAFEMA upheld the provisional attachment of property linked to money laundering, rejecting the appellant's contention that attachment is permissible only against accused persons. It held that under Sections 5 and 8 of the PMLA 2002, attachment can be made against "any person" in possession of proceeds of crime, including third parties. The appellant, though not named in the FIR or prosecution complaint, controlled companies that received proceeds from the predicate offence. The attachment of Rs.11.35 crores was found justified as matching the laundered amount transferred to entities under appellant's control. Since the trial is pending, confiscation was not considered. The appeal was dismissed for lack of merit, affirming the legality of the provisional attachment. en-us Wed, 02 Jul 2025 00:00:00 +0530 Thu, 31 Jul 2025 08:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775758 The AT under SAFEMA upheld the provisional attachment of property linked to money laundering, rejecting the appellant's contention that attachment is permissible only against accused persons. It held that under Sections 5 and 8 of the PMLA 2002, attachment can be made against "any person" in possession of proceeds of crime, including third parties. The appellant, though not named in the FIR or prosecution complaint, controlled companies that received proceeds from the predicate offence. The attachment of Rs.11.35 crores was found justified as matching the laundered amount transferred to entities under appellant's control. Since the trial is pending, confiscation was not considered. The appeal was dismissed for lack of merit, affirming the legality of the provisional attachment. Case-Laws Money Laundering Wed, 02 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775758