Delhi High Court Allows ED to Attach Ancestral Property Under PMLA for Equivalent Value

The Delhi High Court ruled that the Enforcement Directorate (ED) can attach ancestral or inherited property under the Prevention of Money Laundering Act (PMLA) if the actual proceeds of crime are unavailable or untraceable. This includes assets of equivalent value, regardless of when acquired. The court's decision in Arun Suri's case clarifies that family-held assets are not automatically immune from attachment if linked to illicit funds, reinforcing the law's intent to prevent evasion through asset shifting.