Attachment order under SAFEMA sustained due to reasonable belief that attached properties are involved in money laundering

Sourabh Vs Directorate of Enforcement (Chhattisgarh High Court) Chhattisgarh High Court held that since there exists a reasonable belief, duly recorded and supported by material evidence, that the attached properties are involved in money laundering. Thus, attachment order passed under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 [SAFEMA] justified. Facts- The present appeals are filed under Section 42 of the PMLA is to the common final order dated 05.12.2024 passed by the Appellate Tribunal under the Smugglers and Foreign Exchange Manipulators (Forfeiture...