Provisional attachment upheld for properties acquired as value of proceeds despite pre-PMLA acquisition timing

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....The AT dismissed the appeal challenging provisional attachment orders under PMLA. The appellants contended properties acquired prior to PMLA enforcement and scheduled offence commission could not be attached, arguing lack of connection with proceeds of crime and non-compliance with Section 5(1) conditions. The AT held that properties acquired as "value thereof" need not prove direct connection with proceeds of crime when direct proceeds are absent. Settlement deeds executed post-fraud discovery were deemed attempts to frustrate PMLA proceedings, justifying immediate attachment under the second proviso of Section 5(1). The appellant failed to establish legal income sources for property acquisition despite claiming transfer via settlement dee.........