Attachment of 3rd Party Properties

Court :- HIgh Court , Citation :- SaroshMunir Khan Vs.The Deputy Director, [534/MUM/2013]
Under PMLA, even the property of any person may be attached under Section 5(1) 2nd Proviso, if the designated officer has reason to believe that the property in possession of such person is involved in Money-Laundering, and the non-attachment will frustrate any proceedings under the Act.....
However, nothing in Section 5 of PMLA shall prevent the person interested in the enjoyment of the immovable property attached from such enjoyment. "Person interested", in relation to any immovable property, includes all persons claiming or entitled to claim any interest in the property.
Connect With Us Social Media