Satyam Case: PMLA Attachment Valid Even for Uncharged Persons – Tribunal Upholds ED Action

A. Vishwanathan Raju Vs Deputy Director (Appellate Tribunal Under SAFEMA Delhi)

Satyam Case: PMLA Attachment Valid Even for Uncharged Persons – Tribunal Upholds ED Action- ED Attachment under PMLA Needs No Predicate Charge Post-2009 Amendment –

Appellants challenged the Adjudicating Authority’s order dated 14.01.2010 confirming provisional attachment of properties in the Satyam Computers fraud case, contending that (i) they were not charged with the predicate offence, hence attachment u/s 5(1) PMLA was invalid, & (ii) the show-cause notice u/s 8(1

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