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2024 Supreme(Online)(ATFP) 715
APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI
1. FPA-PMLA-912/HYD/2015 Emaar Hills Township Pvt. Ltd. … Appellants
2. FPA-PMLA-914/HYD/2015 Indukuri Syam Prasad Reddy … Appellants
3. FPA-PMLA-929/HYD/2015 K.L. Narayana … Appellants
4.FPA-PMLA-930/HYD/2015 M/s Stylish Holms Real Estates Pvt. Ltd. … Appellants
5. FPA-PMLA-925/HYD/2015 M/s. Southend Projects & Foundations Pvt. Ltd. … Appellants
6. FPA-PMLA-931/HYD/2015 Koneru Pradeep … Appellants
7. FPA-PMLA-2112/HYD/2017 K. Ravindranath … Appellants Versus The Joint Director, Directorate of Enforcement, Hyderabad … Respondent Advocates/Authorized Representatives who Argued For the Appellant No.1:S/Sh. Siddharth Aggarwal, Abhinav Agnihotri, Dipan Sethi &Prabhav Garg Advocates;
For the Appellant No.2: S/Sh. Raavi Yogesh Venkata,KotteVenkata, Pawan Kumar,Advocates;
For the Appellant No.3: S/Sh. Amit Khemka,Ayush Saini, Advocates;
For the Appellant No.4 & 5: Sh. Divyank Yadav, Advocate;
For the Appellant No.6: S/Sh. Mr.AshwaniTaneja, Mr. Udit Atul, Adv.;
For the Appellant No.7: S/Sh. Amit Khemka, Mr. Ayush Saini, Advs;
For the Respondent :Mr. Munindra Dvivedi, Advocate, Mr. Kshitiz Aggarwal, Advocate.
CORAM SHRI GOPAL CHANDRA MISHRA : MEMBER SHRI RAJESH MALHOTRA : MEMBER
FINAL ORDER
21.11.2024
Dictated By Rajesh Malhotra:
Present appeals under Section 26 of Prevention of Money Laundering Act, 2002 are filed by appellants against the impugned order dated 09.04.2015 passed by the Adjudicating Authority, in Original Complaint No. 386/2014 vide which the following properties of the appellants attached in PAO No. 03/2014 dated 21.11.2014 were confirmed for attachment:-
| S. No | Description of the property | Property held by | Value in Rs. |
| 1. | Fixed deposits of worth Rs. 20 Crores vide FD A/c No. 027320100079584,027320100079690, 27320100079788, 027320100080058, 27320100080535, 027320100080508,27320100080517, 027320100080526 held in the name of M/s Southend Projects & Foundations Pvt. Ltd. with Andhra Bank, Jayanagar Branch, Bangalore. | M/s Southend Projects & Foundations Pvt. Ltd. | 20,00,00,000 |
| 2. | Shares of 2,52,10,000 No‟s of Sri Indukuri Syam Prasad Reddy in M/s Indu Projects Limited of face value Rs. 10/- each vide share Certificate No. IME367101018 (Total shares 3,62,06,155 No‟s) | Sri Indukuri Syam Prasad Reddy | 25,21,00,000 |
| 3. | Land of 36 Acres 14 Gunts at Bikal and Mallikarjunagiri Villages Marpalle Mandal, Ranga Reddy District vide Doc. No‟s 5807/2006 dated 06.11.2006 for 584 Gunts, 6252/2006 dated 22.11.2006 for 644 Gunts, 0381/2007 dated 20.01.2007 for 134 Gunts, 2494/2007 dated 16.04.2007 for 60 Gunts 2495/2007 dated 16.04.2007 for 15 Gunts, 2565/2007 dated 19.04.2007 for 33 Gunts, 3369/2007 dated 31.05.2007 for 40 Gunts with area 1454 Gunts (36 Acres 14 Gunts). | Sri Koneru Pradeep S/o Sri Koneru Rajendra Prasad | 12,83,000 |
| 4. | 14 unsold plots with M/s EHTPL, vide Plot No‟s A-6 (1490 Sq. Yds.); A-43 (1361 Sq. Yds.), A-47 (1060 Sq. Yds.); B-2a (595 Sq. Yds), B-6 (1109 Sq. Yds); B-24 (1595 Sq. Yds.), B-33 a (763 Sq. Yds); B-35 (1349 Sq. Yds), B-43a (818 Sq. Yds); B-66 (869 Sq. Yds), B-67 (849 Sq. Yds); B-66 (869 Sq. Yds.), B-67 (849 Sq. Yds.); B-68 (854 Sq. Yds.), B-69 (941 Sq. Yds.); B-72 (970 Sq. Yds.) 14624 Sq. Yds. in total @ Rs. 25,000/- per Sq. Yds. | M/s Emaar Hills Township Pvt. Ltd. | 36,56,00,000 |
| 5. | Land of 2057 Sq. Yds held in the name of M/s Stylish Holmes situated in Gachibowli village, Serilingampally Mandal, Ranga Reddy District vide doc. No. 19790/2006 (1019 Sq. Yds.) & 19791/2006 (1038 Sq. Yds.) dated 29.09.2006 registered at SRO, RR District | M/s Stylish Holmes Real Estates Pvt. Ltd. | 1,02,85,000 |
| 6. | Land of 4.80 Acres in Survey No. 15 in Nanakramguda Village, in the name of M/s EHTPL (valued @ Rs. 25,000/- per Sq. Yd.) | M/s Emaar Hills Township Pvt. Ltd. | 58,08,00,000 (attachment to the extent of Rs. 13,09,07,000) |
| Total | 96,01,75,000/- |
2. As per the facts of the case, FIR No. RC-35-2011-A-0018 dated 17.08.2011 was registered by the Central Bureau of Investigation, Hyderabad, against Sh. BP Acharya, IAS, Chairman & MD of Andhra Pradesh Industrial Infrastructure Corporation (herein after called referred as APIIC); M/s Emaar Properties PJSC, Dubai; M/s Emaar Hills Township Pvt. Ltd., Hyderabad; unknown officials of Government of Andhra Pradesh & unknown others for the offences punishable under Section 120-B read with 420, 409,420 & 477-A of Indian Penal Code, 1860 and Section 13(2) r/w Sec. 13(1) (c) &(d) of the Prevention of Corruption Act, 1988 and substantive offences thereunder.
As the said offences are scheduled offences, ECIR/08/HZO/2011 dated 30.08.2011 was registered under PMLA by respondent ED for investigation.In the meantime, after completion of investigation CBI filed charge sheet before Ld. Special Judge, CBI Court, at Hyderabad, on 01.02.2012, which reflects following material facts:-
The Government of Andhra Pradesh (AP), issued Govt. Order (G.O) Ms. No. 359 dated 04.09.2002 for the development of an integrated project including multi-use development (Residential and Commercial Development) at Manikonda Village, R.R District on 535 acres of land as detailed below:
The Government of AP issued GOMS No. 14 on 11.01.2005, amended by GOMS 22 dated 27.01.2005 for Development of Township Project at Manikonda by M/s Emaar Hills Tow
