HC upholds provisional attachment order under PMLA for properties despite FIRs registered after purchase

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....The HC upheld the provisional attachment order under PMLA despite properties being purchased in 2003 while predicate offences were registered via FIRs only in 2010. The Court found that the Appellant had engaged in continuing unlawful activities since 1997 as part of an organized criminal syndicate, generating approximately Rs. 1.5 crores through immoral trafficking of women. Investigation revealed the Appellant's declared income of Rs. 2,38,720 was insufficient to support investments of Rs. 1.88 lakhs in properties and other assets. The Court concluded that the timing of FIR registration was irrelevant given the Appellant's established criminal history and inability to provide satisfactory explanation for legal income sources. The Appellate Tribunal's determination that attached properties constituted proceeds of crime was upheld, and the appeal was dismissed.....