Karnataka High Court Remands Property Attachment Order For Fresh Consideration Under PMLA

The Karnataka High Court set aside a property attachment order under the Prevention of Money Laundering Act (PMLA) and directed fresh consideration. The adjudicating authority failed to properly assess ownership and the nexus between alleged proceeds of crime and the attached property. The Court reiterated that PMLA attachments must be judicious, supported by clear reasoning. The ruling ensures procedural fairness and prevents attachment based on presumptive grounds without factual corroboration.