https://www.taxtmi.com/caselaws?id=776222 The AT under SAFEMA at New Delhi dismissed the appeal against the provisional attachment order under PMLA 2002 related to money laundering through fraudulent export of goods. The appellants failed to disclose legitimate sources of substantial funds received from various accused individuals and entities, which were used to purchase attached properties. Evidence showed cash transactions disguised as bank transfers, unsubstantiated claims of ancestral property sale, and involvement of proceeds from criminal activity. The appellants could not provide loan agreements or valid explanations for the money transfers. The tribunal found no grounds to interfere with the impugned order, confirming the attachment and rejecting the appeal. en-us Wed, 09 Jul 2025 00:00:00 +0530 Thu, 07 Aug 2025 07:03:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776222 The AT under SAFEMA at New Delhi dismissed the appeal against the provisional attachment order under PMLA 2002 related to money laundering through fraudulent export of goods. The appellants failed to disclose legitimate sources of substantial funds received from various accused individuals and entities, which were used to purchase attached properties. Evidence showed cash transactions disguised as bank transfers, unsubstantiated claims of ancestral property sale, and involvement of proceeds from criminal activity. The appellants could not provide loan agreements or valid explanations for the money transfers. The tribunal found no grounds to interfere with the impugned order, confirming the attachment and rejecting the appeal. Case-Laws Money Laundering Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776222