Equivalent Value Attachment Valid: Tribunal Upholds PMLA Action in DJB ₹38 Cr Scam Case

NKG Infrastructure Ltd. Vs Deputy Director Directorate of Enforcement (Appellate Tribunal Under SAFEMA Delhi) The Appellate Tribunal under SAFEMA dismissed the appeals challenging the provisional attachment under the Prevention of Money Laundering Act (PMLA) arising from a DJB contract scam involving M/s NKG Infrastructure Ltd. and its associates. The case stemmed from a CBI FIR alleging criminal conspiracy, corruption, and manipulation of tender conditions, where ineligible bidders were favoured through forged performance certificates and fabricated documents, resulting in an inflated contrac...