https://www.taxtmi.com/caselaws?id=783929 HC considered bail under PMLA, applying the mandatory twin conditions in s.45. It held that the applicant's s.50 statement recorded while in custody was inadmissible against the maker in view of SC law that custodial statements to the same agency are not made with a free mind; consequently, the remaining material did not prima facie link the applicant to opening fictitious accounts or inducing investors, and his role was distinguishable from a co-accused allegedly managing dummy accounts for commission. Given completion of investigation, non-commencement of trial, and prolonged pre-trial incarceration, HC invoked Article 21's speedy-trial and liberty guarantees to prevent punitive detention and granted bail on conditions. en-us Fri, 19 Dec 2025 00:00:00 +0530 Fri, 26 Dec 2025 07:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783929 HC considered bail under PMLA, applying the mandatory twin conditions in s.45. It held that the applicant's s.50 statement recorded while in custody was inadmissible against the maker in view of SC law that custodial statements to the same agency are not made with a free mind; consequently, the remaining material did not prima facie link the applicant to opening fictitious accounts or inducing investors, and his role was distinguishable from a co-accused allegedly managing dummy accounts for commission. Given completion of investigation, non-commencement of trial, and prolonged pre-trial incarceration, HC invoked Article 21's speedy-trial and liberty guarantees to prevent punitive detention and granted bail on conditions. Case-Laws Money Laundering Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783929