FINAL ORDER

15.10.2025

FPA-PMLA-4811/GOA/2022

This appeal has been filed to challenge the order dated 25.07.2022 passed by the Adjudicating Authority confirming the Provisional Attachment Order dated 06.10.2021.

Brief facts of the case:

2. The provisional attachment of the properties is arising out of the FIR registered by the Central Bureau of Investigation (CBI), ACB Goa on 01.05.2018 against the accused which includes the appellant for the offence punishable under Section 420 and 120-B of the IPC, 1860 and offence under Section 13(2) read with Section 13(1)(c) and (d) of the Prevention of Corruption Act, 1988. The allegation in the FIR was in regard to bank fraud committed by the accused. They alleged to have cheated the State Bank of India (SBI), Commercial Branch Panaji to the tune of Rs.39.41 Crore + unapplied interest and other charges in availing term loan and other facilities for setting up Ultra Heat Treatment plant and thereafter fraudulently diverting and misappropriating the funds causing huge loss to the SBI, Commercial Branch, Panaji.

3. After causing investigation, a charge-sheet was filed by CBI on 27.01.2019 against the accused which includes even the appellant. The ECI