Purposive interpretation of residential house exemption: unregistered purchase agreement alone does not defeat relief, but investment must be verified...
Prosecution materials disclosed a prima facie case of money-laundering where Section 50 PMLA statements, seized diaries, cash recovery and related records indicated collection and distribution of tender commission through the petitioner's associates and personal secretary. The Court held that Section 50 statements are admissible and can form reliable material at the discharge stage, that money-laundering is an independent offence, and that the petitioner need not be named in the scheduled offence if the material shows involvement with proceeds of crime. It also rejected the plea of want of previous sanction, holding that the alleged acts were not part of official duty. The discharge refusal and charge framing were upheld.
Prosecution materials disclosed a prima facie case of money-laundering where Section 50 PMLA statements, seized diaries, cash recovery and related records indicated collection and distribution of tender commission through the petitioner's associates and personal secretary. The Court held that Section 50 statements are admissible and can form reliable material at the discharge stage, that money-laundering is an independent offence, and that the petitioner need not be named in the scheduled offence if the material shows involvement with proceeds of crime. It also rejected the plea of want of previous sanction, holding that the alleged acts were not part of official duty. The discharge refusal and charge framing were upheld.
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