APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI FPA-PMLA-4881/HYD/2022 The Director, … Appellant Kudos Finance & Investments Pvt. Ltd.

Versus The Deputy Director, Directorate of Enforcement, Hyderabad … Respondent Advocates/Authorized Representatives who appeared For the Appellant : Sh. Shashwat Jaiswal, Advocate For the Respondent : Shri Abhimanyu Kaul, Advocate CORAM JUSTICE MUNISHWAR NATH BHANDARI : CHAIRMAN

ORDER

22.04.2026 Brief facts of the case

1. The appeal has been filed under Section 26 of the Prevention of Money Laundering Act, 2002 (‘the Act of 2002’) challenging the order dated 22.08.2022 passed by the Adjudicating Authority confirming the provisional attachment order (PAO no. 02/2022 dated 12.01.2022.

2. The present case arises out of large-scale complaints regarding illegal instant loan mobile applications operating across India. On 29.12.2020, the Directorate of Enforcement, Hyderabad Zonal Office, received information from Cyber Crime Police Station, Rachakonda that several FIRs have been registered against entities running digital loan applications. During investigation, certain accused persons were arrested from the office of Jiya Liang Infotech Pvt. Ltd., Pune, which