AdvertisementSmt. R. Booma Vs S. P. Rajendran (Appellate Tribunal Under SAFEMA Delhi) SAFEMA Tribunal Upholds PMLA Attachment in Gold Loan Fraud; Grants Limited Relief for Court Security Deposit The Appellate Tribunal under SAFEMA substantially upheld the attachment of movable and immovable properties belonging to S.P. Rajendran and R. Booma in a PMLA case arising out of a ₹6.33 crore gold loan fraud on the South Indian Bank. The ED alleged that the appellants, in collusion with a bank-approved gold appraiser, fraudulently obtained loans by pledging spurious gold ornaments and that ₹82 lakh earned as c...