Mere Relationship to Alleged Betting Operator Not Enough to Freeze Assets: SAFEMA

Shruti Rampal Vs Deputy Director (Appellate Tribunal Under SAFEMA Delhi) PMLA Tribunal Releases Frozen Bank Accounts of Sister of Alleged Betting Operator – Mere Relationship, Investment, or Ongoing Investigation Not Enough The Appellate Tribunal under PMLA set aside the Adjudicating Authority’s order confirming the freezing of three bank accounts belonging to Shruti Rampal, holding that the Enforcement Directorate failed to establish any nexus between her funds and the alleged proceeds of crime. The case arose from an ECIR based on a scheduled offence involving alleged illegal streami...