PMLA Tribunal: Share Investment Not ‘Proceeds of Crime’; Attachment Limited to Mining Profits

Dalmia Cement (Bharat) Limited Vs Deputy Director (Appellate Tribunal Under SAFEMA Delhi) PMLA Tribunal: Share Investment Not ‘Proceeds of Crime’; Attachment Restricted To Mining Profits – Productive Assets Can Be Released Against Security The Appellate Tribunal under SAFEMA (PMLA) partly allowed the appeal filed by M/s Dalmia Cement (Bharat) Ltd. against the order confirming attachment of properties under the Prevention of Money Laundering Act (PMLA). The case arose from a CBI investigation alleging that companies including the appellant invested funds in companies controlled by Y.S. Ja...