The Delhi High Court has held that ancestral property can be attached under the PMLA if it represents the value of proceeds of crime. The Court clarified that inherited assets do not get automatic immunity in money laundering cases.
The PMLA Appellate Tribunal has dismissed Congress MP Karti P Chidambaram’s appeal and upheld the ED’s attachment of his Delhi property and bank accounts worth crores in the INX Media money laundering case.
