The Andhra Pradesh High Court held that the authority cannot pass provisional attachment order under section 5 of the Prevention of Money Laundering Act, 2002 without recording the reason. Sri I. Koti Reddy, counsel for the petitioners, Sri Josyula Bhaskar Rao, Standing Counsel for Respondent Nos.1 to 4 and Sri G. Sudhakar Kumar, Standing Counsel…
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