9911796707
TMI Blog2016 (12) TMI 816X X X X Extracts X X X X X X X X Extracts X X X X ..... explicitly barred under the law. Furthermore, his failure to explain his income and assets do persuade us to reject his prayer for release on bail at this early stage when apparently the formal trial in the Money Laundering case is yet to commence. Consequently, bail application is dismissed at this stage and the matter thus stands disposed of. - CRM-M-33677-2016 - - - Dated:- 12-12-2016 - Surya Kant And Sudip Ahluwalia, JJ. Mrs. G.K.Mann, Advocate for the petitioner Ms. Reeta Kohli, Addl. AG Punjab Ms. Ranjana Shahi, for the respondent ORDER Sudip Ahluwalia, J. This is a petition for bail preferred on behalf of the petitioner in Complaint No.3/2016 Dated 27.4.2016 under the provisions of Prevention of Money La ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ected the Proceeds of those Drugs in Canada and sent the same to Jagdish Singh @ Bhola in India through 'Hawala Channels'. He is alleged to have admitted to sending the amount totaling ₹ 5 Crores during the period from 2007 to 2013 through 'Hawala Channels', which was the earning from the Drugs and that Jagdish Singh @ Bhola had told him that he will purchase land for him out of his share in the said amount. The respondent has also contended that about three acres of agricultural land was purchased by Jagdish Singh @ Bhola for the present petitioner in the name of his younger brother Jaswinder Singh, who is also residing in Canada for an amount of ₹ 1,07,00,00/-, which was allegedly given in cash by Jagdish Singh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in which a private witness namely Balbir Singh had refrained from making any incriminating statement against him and was declared 'hostile' by the prosecution. But the nature and scope of offences imputed to him in the present case are entirely different from those covered in the previous case, which was drawn up under the NDPS Act. Here, the basic allegations are overwhelmingly financial in nature and the petitioner is alleged to have indulged in 'Money Laundering' by way of investing/utilizing a huge amount of money allegedly generated by him from illegal activities. His own statements recorded under section 50 of the PMLA at this prima facie stage cannot be simply brushed aside, since the admissibility of the same is not ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
