Retention of seized property not justified as procedure u/s. 20 of PMLA not followed

Directorate of Enforcement Vs Rajesh Kumar Agarwal (Delhi High Court)

Delhi High Court held that Section 20 stipulates a defined mechanism for the retention of seized property or records, it is imperative that such procedure is strictly followed. Thus, retention of seized property without following procedure stipulated under section 20 of PMLA is not justifiable.

Facts- The Appellant/ Directorate of Enforcement has preferred the present appeal u/s. 42 of the Prevention of Money Laundering Act, 2002, challenging the Order dated 06.02.2019 passed in FPA-PMLA-1

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