PMLA Attachment Quashed: No Proof of ₹10 Lakh Receipt from Proceeds of Crime

Urmila Devi Vs Deputy Director (Appellate Tribunal Under SAFEMA Delhi) The Appellate Tribunal under SAFEMA allowed the appeals of Urmila Devi and Jaishankar Prasad, setting aside the provisional attachment of a residential plot under the PMLA. The attachment was based on allegations that the appellant had received ₹10 lakh from proceeds of crime arising out of a cooperative bank fraud involving over ₹598 lakh. The Tribunal found the attachment unsustainable, noting that: The appellants were neither named in the FIR nor in the ECIR. No material evidence or witness statement established rec...