https://www.taxtmi.com/caselaws?id=765384 Delhi HC denied regular bail to an applicant charged with money laundering related to procurement of spurious anti-cancer drugs. The court found the arrest under Section 19 of PMLA was lawful, supported by material evidence including financial records, WhatsApp communications, and statements under Section 50 of PMLA. The court held that statements recorded under Section 50 are admissible evidence and can justify arrest and detention. The statutory presumption under Section 24 shifted burden to applicant to disprove involvement, which he failed to do. Given ongoing investigation and sufficient material indicating active involvement in laundering proceeds of crime, the twin conditions under Section 45 were not satisfied, resulting in bail dismissal. 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=765384 Delhi HC denied regular bail to an applicant charged with money laundering related to procurement of spurious anti-cancer drugs. The court found the arrest under Section 19 of PMLA was lawful, supported by material evidence including financial records, WhatsApp communications, and statements under Section 50 of PMLA. The court held that statements recorded under Section 50 are admissible evidence and can justify arrest and detention. The statutory presumption under Section 24 shifted burden to applicant to disprove involvement, which he failed to do. Given ongoing investigation and sufficient material indicating active involvement in laundering proceeds of crime, the twin conditions under Section 45 were not satisfied, resulting in bail dismissal. Case-Laws Money Laundering Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765384