ATFP

Section 8 PMLA provisional attachment confiscation
Case BriefsTribunals/Commissions/Regulatory Bodies

ATFP, New Delhi clarified that adjudication proceedings under Section 8 PMLA remain mandatory even if a Special Court passes a confiscation order before filing of complaint.

PNB fraud
Case BriefsTribunals/Commissions/Regulatory Bodies

Hearing an appeal filed by co-accused Mihir Bhansali’s wife, the Tribunal stated that PMLA, 2002 entitles the attachment of proceeds of crime which are either generated as a result of criminal activity relating to a scheduled offence, or, equivalent value, or, where such proceeds of crime is taken, or, held outside the country.