2025 (4) TMI 110

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.... Appellant : Shri Deepak Bajaj, Advocate For the Respondent : Shri Kshitiz Aggarwal, Advocate FINAL ORDER FPA-PMLA-4994/CHD/2022, FPA-PMLA-6913/CHD/2023 The appeals have been filed to challenge the order dated 07.09.2022 passed by the Adjudicating Authority confirming the Provisional Attachment Order dated 15.03.2022. 2. It is a case where an FIR No.421/2016 was registered against the accuse....

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...., Provisional Attachment Order and its continuance should be interfered. 4. It is submitted that the FIR was registered on 14.12.2016 for the offence under Section 409,420,120-B IPC and Section 7,13 of the Prevention of Corruption Act, 1988. The appellant was even arrested though subsequently bail was granted. Delay in completion of the investigation by the predicate offence agency is fetter for ....

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....proceedings under the Prevention of Money Laundering Act, 2002 (in short 'the Act of 2002') are concerned, it has proceeded with filing of the Prosecution Complaint with no delay therein. So far as the alleged delay of the predicate agency to complete the investigation is concerned, the counsel had shown unawareness because it is different agency than the ED as otherwise the appellant has not plac....

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....ecord shows that an FIR was registered against the appellant on 14.12.2016 for the offence under Section 409,420,120-B IPC read with Section 7,13 of the Prevention of Corruption Act, 1988. The ECIR was then recorded finding a predicate offence against the appellant. It proceeded with the investigation and prosecution complaint has already been filed. Thus, there is no delay on the part of the resp....