India, Oct. 22 -- The Bombay High Court has set aside an appellate tribunal's April order for continuing the Enforcement Directorate (ED)'s provisional attachment of assets worth Rs.25 crore belonging to Pune businessman Avinash Bhosale and others, as part of its money-laundering probe related to the allegedly suspicious transactions in 2018 between Yes Bank and Dewan Housing Finance Limited (DHFL).

The court on Wednesday said it found no basis for the continuation of the attachment, as all involved transactions were legal and could not be considered as proceeds of crime in the case.

On April 1, the tribunal under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act continued the provisional attachment of a Pune ...