https://www.taxtmi.com/caselaws?id=765470 Delhi HC rejected bail application in money laundering case involving illegal procurement of anti-cancer drug materials. Court held that Section 50 PMLA statements are admissible evidence and not barred by constitutional provisions. Despite bail being the general rule, twin conditions under Section 45 PMLA were not satisfied. Evidence showed applicant's active involvement in spurious medicine procurement and laundering proceeds through multiple firms. Court found sufficient material including financial records, electronic evidence, and co-accused statements warranting continued detention during ongoing investigation. en-us Tue, 28 Jan 2025 00:00:00 +0530 Sat, 01 Feb 2025 08:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765470 Delhi HC rejected bail application in money laundering case involving illegal procurement of anti-cancer drug materials. Court held that Section 50 PMLA statements are admissible evidence and not barred by constitutional provisions. Despite bail being the general rule, twin conditions under Section 45 PMLA were not satisfied. Evidence showed applicant's active involvement in spurious medicine procurement and laundering proceeds through multiple firms. Court found sufficient material including financial records, electronic evidence, and co-accused statements warranting continued detention during ongoing investigation. Case-Laws Money Laundering Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765470