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SAFEMA Tribunal Sets Aside PMLA Attachment Order, Remands Director’s Wife’s Case
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AdvertisementNeetu Gupta Vs Deputy Director (Appellate Tribunal Under SAFEMA Delhi) SAFEMA Tribunal Sets Aside PMLA Attachment Order Against Director’s Wife, Remands Case for Fresh Adjudication The Appellate Tribunal under SAFEMA set aside the Adjudicating Authority’s order confirming attachment of the property of Neetu Gupta, wife of late Bharat Bhushan Roshanlal Gupta, in a PMLA case arising from the alleged ₹33.12 crore and ₹27.46 crore bank frauds involving Spectra Motors Ltd. and Spectra Industries Ltd.
The ED alleged that fraudulent Letters of Credit (LCs), supported by fake invoices ...