Writs Against PMLA Provisional Attachment Rejected; Alternative Appeal Remedy, Valid 'Proceeds of Crime' Findings Under Section 5

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....The HC dismissed the writ petitions challenging the provisional attachment order (PAO) and show cause notice (SCN) issued under the PMLA, holding them to be legally sustainable. It ruled the petitions were not maintainable in view of an efficacious alternative statutory remedy of appeal, and none of the limited contingencies justifying writ interference under Art. 226 of the COI were established. The HC found sufficient material for the Directorate and Adjudicating Authority (AA) to form the requisite "reason to believe," and held the attached properties constituted "proceeds of crime" arising from scheduled offences linked to an international cricket betting racket. The AA's composition and issuance of SCN, even absent prior attachment, were held valid. All petitions by A were dismissed.....