ORDER

15.12.2023

FPA-PMLA-2925 to 2940/MUM/2019

The batch of appeals have been filed under section 26 of the Prevention of Money Laundering Act, 2002 (in short the Act of 2002) to challenge the order dated 27/12/2014 passed by the Adjudicating Authority confirming the provisional attachment order.

2. Brief facts of the case:-

It is a case where a complaint was registered on 30.12.2013 against M/s Birla Power Solution Limited and its Directors namely:-

3. After registration of FIR, an ECIR was recorded on 17.01.2014. The FIR was registered on 30.12.2013. The EOW, Mumbai Unit filed charge sheet on 29.3. 2014 in MPID Court against P.V.R. Murthy followed by supplementary charge sheet on 28.10.2016 against the individuals and Birla Power Solutions Limited. It was also against M/s Zenith Birla (India) Limited, Birla Cotsyn (India) Limited and Sholka Eductech, M/s Birla Edutech Ltd. for the offence under section 420, 406, 477 (A) and 120 (B) of Indian Penal Code (IPC), 1860 and section 3 and 4 of MPID Act, 1999.

4. It was alleged that accused company M/s Birla Power Solution Limited and their group entities issued an advertisement to invite fixed deposits on an attractive interest. The accused i