₹24.25 Cr Investment Treated as Proceeds of Crime: Tribunal Upholds ED Attachment in Delhi Excise Policy

Diamond Liquors Pvt. Ltd. Vs Deputy Director (Appellate Tribunal Under SAFEMA Delhi) ₹24.25 Cr Investment Treated as Proceeds of Crime: Tribunal Upholds ED Attachment in Delhi Excise Policy The Appellate Tribunal under SAFEMA upheld the provisional attachment of properties linked to M/s Diamond Liquors Pvt. Ltd., Gautam Malhotra, and associated entities in connection with the Delhi Excise Policy scam. The case stemmed from allegations of kickbacks and cartelization in the 2021–22 excise policy, where proceeds of crime were allegedly generated and routed through layered transactions. The ke...