FINAL ORDER

01.09.2025

FPA-PMLA-4186/KOL/2021,

FPA-PMLA-181-183/KOL/2024

By this batch of appeals under Section 26 of the Prevention of Money Laundering Act, 2002 (in short `the Act of 2002’), a challenge has been made to the order dated 19.07.2021 passed by the Adjudicating Authority confirming the Provisional Attachment Order dated 15.04.2020.

Brief facts of the case:

2. It is a case where an FIR was registered by CBI, BS&FC, Kolkata on 01.02.2016 for the offence under Section 120-B,420,468,471 & 477A IPC and 13(2) read with Section 13(1)(d) of the Prevention of Corruption Act, 1988 against M/s Damodar Developers Pvt. Ltd. and its Directors, namely, Parthasarathi Ghosh, Kallol Mukhopadhyay and Probal Mukherjee, who, in connivance with each other, hatched a criminal conspiracy and defrauded an amount of Rs.64.57 Crores by producing forged documents and inducing the bank to accept fictitious properties as collateral securities which were not in existence. The ECIR was then recorded on 25.10.2016 and accordingly investigation was caused under the Act of 2002 against the accused which include Parthasarthi Ghosh and many others.

3. During the course of investigation, the respondents caused s