https://www.taxtmi.com/caselaws?id=776316 The Appellate Tribunal under SAFEMA upheld the provisional attachment order against the appellant companies linked to illegal assets amassed through misuse of a government position. The Tribunal rejected the appellant's contention that the investigation and charges were limited to proceeds of crime quantified at Rs. 21.42 crores, affirming that further investigation and supplementary chargesheets are permissible. Reliance on the SC ruling in Vijay Madanlal Choudhary clarified that the extent of proceeds of crime is not confined to initial police or CBI calculations, provided a predicate offence chargesheet is filed. The Tribunal ruled against the appellants, allowing the Enforcement Directorate to proceed, and permitted all parties to raise relevant issues before the Special Judge, PMLA Court during final arguments. The appeal was disposed of accordingly. en-us Tue, 15 Jul 2025 00:00:00 +0530 Fri, 08 Aug 2025 05:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776316 The Appellate Tribunal under SAFEMA upheld the provisional attachment order against the appellant companies linked to illegal assets amassed through misuse of a government position. The Tribunal rejected the appellant's contention that the investigation and charges were limited to proceeds of crime quantified at Rs. 21.42 crores, affirming that further investigation and supplementary chargesheets are permissible. Reliance on the SC ruling in Vijay Madanlal Choudhary clarified that the extent of proceeds of crime is not confined to initial police or CBI calculations, provided a predicate offence chargesheet is filed. The Tribunal ruled against the appellants, allowing the Enforcement Directorate to proceed, and permitted all parties to raise relevant issues before the Special Judge, PMLA Court during final arguments. The appeal was disposed of accordingly. Case-Laws Money Laundering Tue, 15 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776316