Benami Web Exposed: Tribunal Upholds Attachments in Rs 80+ Cr Layered Accommodation Entry Case

Adesh Ventures LLP Vs Initiating Officer (Appellate Tribunal Under SAFEMA Delhi) Benami Web Exposed: Tribunal Upholds Attachments in Rs 80+ Cr Layered Accommodation Entry Case The Appellate Tribunal under SAFEMA dismissed a batch of appeals challenging provisional attachment of properties under the Prohibition of Benami Property Transactions Act, 1988, holding that a clear case of benami transactions was established. The Tribunal found that the appellants (ARC group entities and related individuals) had generated unaccounted cash through online betting and gambling, which was subsequently rout...