https://www.taxtmi.com/highlights?id=79073 The High Court considered a bail application in a money laundering case involving illegal gratification for leasing Waqf properties. It assessed the evidentiary value of statements u/s 50 of PMLA for bail purposes. The evidence indicated a criminal conspiracy involving the accused in investing proceeds of crime in immovable properties. The Court found that the accused misled about the necessity of bail for a surgery, casting doubt on their credibility. The Court concluded that the evidence warranted the application of Section 45 of PMLA, denying bail to the applicants. The bail application was dismissed. en-us Thu, 04 Jul 2024 08:15:36 +0530 Thu, 04 Jul 2024 08:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79073 The High Court considered a bail application in a money laundering case involving illegal gratification for leasing Waqf properties. It assessed the evidentiary value of statements u/s 50 of PMLA for bail purposes. The evidence indicated a criminal conspiracy involving the accused in investing proceeds of crime in immovable properties. The Court found that the accused misled about the necessity of bail for a surgery, casting doubt on their credibility. The Court concluded that the evidence warranted the application of Section 45 of PMLA, denying bail to the applicants. The bail application was dismissed. Highlights Money Laundering Thu, 04 Jul 2024 08:15:36 +0530 https://www.taxtmi.com/highlights?id=79073