https://www.taxtmi.com/caselaws?id=765385 Delhi HC dismissed regular bail application in money laundering case. Court held applicant's arrest under Section 19 PMLA was legally valid, supported by concrete evidence including financial records, digital evidence, and statements of co-accused rather than mere suspicion. Statements recorded under Section 50 PMLA were deemed admissible evidence. Applicant failed to satisfy twin conditions under Section 45 PMLA, unable to prove innocence or that he wouldn't commit offenses while on bail. Court found evidence of systematic, coordinated operation with applicant's direct involvement in laundering proceeds from spurious medicines syndicate. Ongoing investigation warranted continued detention. en-us Tue, 28 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765385 Delhi HC dismissed regular bail application in money laundering case. Court held applicant's arrest under Section 19 PMLA was legally valid, supported by concrete evidence including financial records, digital evidence, and statements of co-accused rather than mere suspicion. Statements recorded under Section 50 PMLA were deemed admissible evidence. Applicant failed to satisfy twin conditions under Section 45 PMLA, unable to prove innocence or that he wouldn't commit offenses while on bail. Court found evidence of systematic, coordinated operation with applicant's direct involvement in laundering proceeds from spurious medicines syndicate. Ongoing investigation warranted continued detention. Case-Laws Money Laundering Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765385