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High Court Denies Bail in Money Laundering Case Due to Unsatisfactory Explanation of Assets u/s 50(3) Investigation.

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....Money Laundering - seeking grant of bail - Petitioner fails to furnish prima facie satisfactory explanation regarding huge fixed assets and cash available with him, while recording his statement under section 50(3) of the Act, where it appears to investigating agency that petitioner is not co-operating during investigation, where investigation regarding remaining proceeds of crime is still going on. - Petition dismissed - HC....