PMLA Tribunal: ₹50 Lakh Bribe Seized in CBI Trap Attachable Under PMLA Despite Court Custody

Deputy Director Directorate of Enforcement Vs Puneet Godha (Appellate Tribunal Under SAFEMA Delhi) PMLA Tribunal: ₹50 Lakh Bribe Money Seized In CBI Trap Can Be Attached Under PMLA Even If In Court Custody The Appellate Tribunal under SAFEMA allowed the appeal filed by the Enforcement Directorate (ED) and held that ₹50 lakh recovered in a CBI trap case constituted “proceeds of crime” liable for attachment under PMLA. The case arose from allegations that Sudhir Kumar Jain, CMD of Syndicate Bank, demanded illegal gratification from Neeraj Singhal of Bhushan Steel Ltd. in return for exten...