https://www.taxtmi.com/highlights?id=85338 HC denied bail in a money laundering case, finding the arrest complied with Section 19 of PMLA requirements for "reason to believe" based on concrete evidence including financial records, digital communications, and statements from multiple co-accused. The Court determined statements recorded under Section 50 PMLA were admissible as evidence. Applicant failed to satisfy the twin conditions under Section 45 PMLA - neither establishing reasonable grounds for innocence nor proving unlikelihood of committing further offences while on bail. The ongoing investigation, organized nature of the offense involving spurious medicines, and applicant's alleged active role in the financial syndicate warranted continued detention. The bail application was dismissed to maintain investigative integrity. en-us Fri, 31 Jan 2025 07:54:26 +0530 Fri, 31 Jan 2025 07:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=85338 HC denied bail in a money laundering case, finding the arrest complied with Section 19 of PMLA requirements for "reason to believe" based on concrete evidence including financial records, digital communications, and statements from multiple co-accused. The Court determined statements recorded under Section 50 PMLA were admissible as evidence. Applicant failed to satisfy the twin conditions under Section 45 PMLA - neither establishing reasonable grounds for innocence nor proving unlikelihood of committing further offences while on bail. The ongoing investigation, organized nature of the offense involving spurious medicines, and applicant's alleged active role in the financial syndicate warranted continued detention. The bail application was dismissed to maintain investigative integrity. Highlights Money Laundering Fri, 31 Jan 2025 07:54:26 +0530 https://www.taxtmi.com/highlights?id=85338