Can the ED Seize Your Assets? Grounds and Safeguards Explained Under the PMLA
1. Statutory Basis under the PMLA, 2002 Under Section 5(1) of the Prevention of Money Laundering Act, 2002 (“PMLA”), the Enforcement Directorate (“ED”) is empowered to issue a provisional attachment order in writing over movable or immovable property if—based on “reason to believe”—the property constitutes proceeds of crime and is likely to be hidden, transferred, or […]
