https://www.taxtmi.com/caselaws?id=448333 Anticipatory bail in a PMLA prosecution was considered on the basis of the investigation material, the admissibility of Section 50 statements, the absence of identifiable proceeds of crime, and the petitioner's medical condition. The Court noted that statements recorded under Section 50 are admissible, though their evidentiary weight remains for trial. On the facts, the alleged forged export documentation and outward remittances did not disclose proceeds of crime in the statutory sense required for PMLA liability. The petitioner's renal ailments and repeated kidney surgeries were also treated as relevant to bail, and anticipatory bail was granted subject to cooperation, passport surrender, periodic appearance, non-interference with witnesses, and disclosure of contact details. en-us Thu, 11 Jan 2024 00:00:00 +0530 Tue, 16 Jan 2024 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448333 Anticipatory bail in a PMLA prosecution was considered on the basis of the investigation material, the admissibility of Section 50 statements, the absence of identifiable proceeds of crime, and the petitioner's medical condition. The Court noted that statements recorded under Section 50 are admissible, though their evidentiary weight remains for trial. On the facts, the alleged forged export documentation and outward remittances did not disclose proceeds of crime in the statutory sense required for PMLA liability. The petitioner's renal ailments and repeated kidney surgeries were also treated as relevant to bail, and anticipatory bail was granted subject to cooperation, passport surrender, periodic appearance, non-interference with witnesses, and disclosure of contact details. Case-Laws Money Laundering Thu, 11 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448333