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of <h1>Refusal of regular bail in money-laundering case left undisturbed; petitioner may file documents; investigation time limits examined under s.50 PMLA</h1> <h3>AMIT AGARWAL @ VICKY BHALOTIA Versus DIRECTORATE OF ENFORCEMENT</h3> SC affirmed that the HC's refusal to grant regular bail in a money-laundering case involving alleged bogus invoices and creation of companies was not to ... Money Laundering - seeking grant of regular bail - proceeds of crime - fraud committed of availing ITC on the strength of bogus invoices, by way of creation of multiple companies/firms in the name of innocent persons - reasons to believe - statements recorded under Section 50 of the PMLA are admissible or not - it was held by High Court that 'Since the petitioner has failed to make out a special case to exercise the power to grant bail and considering the facts and parameters, necessary to be considered for adjudication of bail, this Court does not find any exceptional ground to exercise its discretionary jurisdiction to grant bail.' HELD THAT:- Application for permission to file additional documents/facts/annexures is allowed. Issue notice only for exploring the time limit for the completion of the investigation alone, as prima facie, it is not inclined to interfere. 'Application for permission to file additional documents/facts/annexures is allowed.' The Court confined its intervention to procedural time-limit concerns, directing that it will 'Issue notice only for exploring the time limit for the completion of the investigation alone, as prima facie, we are not inclined to interfere.' No substantive review of the investigation's merits was undertaken at this stage; the order indicates an unwillingness to disturb the investigatory process absent further examination limited to the schedule for completion. The petitioner's request to add documents/facts/annexures has been permitted to assist that limited inquiry. No respondent counsel appeared.
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