This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
SAFEMA Tribunal Upholds PMLA Attachment in PRD Mini Nidhi Scam
Case Law Details
- Case Name
- David George K. Vs Deputy Director (Appellate Tribunal Under SAFEMA Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Appellate Authority, SAFEMA
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
David George K. Vs Deputy Director (Appellate Tribunal Under SAFEMA Delhi)
SAFEMA Tribunal Upholds PMLA Attachment in PRD Mini Nidhi Scam; Holds Failure to Explain Source of Assets Justifies Attachment
The Appellate Tribunal under SAFEMA dismissed the appeal filed by David George K., upholding the attachment of his properties in connection with the PRD Mini Nidhi Ltd. deposit scam. The ED’s investigation revealed that the company had mobilised over ₹105.9 crore from depositors, while ₹44.82 crore remained payable. The Tribunal noted that the appellant was allegedly involved in siphon...
Author Info
