https://www.taxtmi.com/caselaws?id=765384 Under PMLA, arrest is valid only if the authorised officer has custody of material, records reasons to believe in writing, and communicates the grounds of arrest; on the stated facts, the arrest complied with Section 19 and the challenge failed. Statements recorded under Section 50 are admissible and may be relied on with financial records, digital communications, and transactional data; they were treated as corroborative material, and the statutory presumption under Section 24 was applied, so this challenge also failed. For bail, the proviso to Section 45 was held inapplicable and the applicant did not satisfy the twin conditions, as the material showed involvement in laundering and risk of further offence or tampering; bail was rejected. en-us Tue, 28 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765384 Under PMLA, arrest is valid only if the authorised officer has custody of material, records reasons to believe in writing, and communicates the grounds of arrest; on the stated facts, the arrest complied with Section 19 and the challenge failed. Statements recorded under Section 50 are admissible and may be relied on with financial records, digital communications, and transactional data; they were treated as corroborative material, and the statutory presumption under Section 24 was applied, so this challenge also failed. For bail, the proviso to Section 45 was held inapplicable and the applicant did not satisfy the twin conditions, as the material showed involvement in laundering and risk of further offence or tampering; bail was rejected. Case-Laws Money Laundering Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765384