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

Please become a Premium member. If you are already a Premium member, login here to access the full content.