Mortgaged properties couldn't be attached under PMLA as those were not purchased with proceeds of crime

FEMA, BANKING & INSURANCE : Where properties were mortgaged with appellant bank for securing loan, long before mortgagors were alleged to have committed Scheduled Offence, appellant-bank being an innocent party not involved in any money laundering, said property could not be said to have been purchased with any proceeds of crime and hence could not have been attached under section 5(1) of PMLA

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