Order attaching accounts u/s 5 of PML Act unsustainable as passed without recording reasons

C Gopal Reddy And Co. Vs Directorate of Enforcement (Andhra Pradesh High Court) Andhra Pradesh High Court held that department cannot pass order under section 5 of the Prevention of Money Laundering Act, 2002 (PML Act) without recording of proper reasons. Accordingly, the order attaching the accounts is set aside. Facts- The petitioner, vide the present writ, has contended that the respondent-Deputy Director of Enforcement has passed a provisional attachment order No.4 of 2023, dated 14.03.2023, contrary to the Prevention of Money Laundering Act, 2002 and thereby attached several accounts of t...