FPA-PMLA-2474/HYD/2018 of The Joint Director Directorate of Enforcement, Hyderabad v/s Jitendra Virwani

APPELLATE TRIBUNAL, PREVENTION OF MONEY LAUNDERING ACT AT NEW DELHI

(1) MP-PMLA-5913/HYD/2019 (U.H.) MP-PMLA-5914/HYD/2019 (Misc.) MP-PMLA-4814/HYD/2018 (Stay) FPA-PMLA-2473/HYD/2018 The Joint Director Directorate of Enforcement, Hyderabad … Applicant/Appellant Versus M/s. Embassy Property Developments Pvt. Ltd. … Respondent & (2) MP-PMLA-5915/HYD/2019 (U.H.) MP-PMLA-5916/HYD/2019 (Misc.) MP-PMLA-4815/HYD/2018 (Stay) FPA-PMLA-2474/HYD/2018 The Joint Director Directorate of Enforcement, Hyderabad … Applicant/Appellant Versus Jitendra Virwani … Respondent

Advocates/Authorized Representatives who appeared

For the Appellants	: Mr. Mohd. Faraz, Advocate
For the Respondent	: Mr. Sudhir Nandrajog, Sr. Advocate
	Mr. Suraj Govinda Raj, Advocate
	Mr. Shantanu, Advocate
	Ms. Sukrit R. Kapoor, Advocate
CORAM
JUSTICE MANMOHAN SINGH	: CHAIRMAN

ORDER 10.05.2019

FPA-PMLA-2473/HYD/2018 & FPA-PMLA-2474/HYD/2018

Both parties have concluded arguments. Mr. Mohd. Faraz, learned

counsel for the appellant admits that there is nothing on record to show or any material to show that money was transferred from the Company accounts to the personal accounts of Mr. Jitendra Virwani. However, he is a beneficial owner.