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TMI Blog2017 (5) TMI 1429X X X X Extracts X X X X X X X X Extracts X X X X ..... hit Tandon’s premises was connected with the petitioner, the learned counsel informed that statements of co-accused Rohit Tandon and his employees have been recorded and they have disclosed in their statements that the currency belonged to the petitioner. These statements are to be tested during trial. Status report reveals that Vijay Kumar @ Kant Mishra has claimed ownership of the new currency recovered from the spot before Income Tax Department. No credible evidence is on record to infer as to whom the money belonged and how the petitioner was beneficiary. Considering the above facts and circumstances and detention period undergone by the petitioner since 19.12.2016, he is admitted to bail on furnishing personal bond in the sum of 5 lacs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it emerged that several people were involved in the deep rooted racket to convert the demonetized currency into monetized currency. It revealed that the petitioner along with others had indulged in criminal activity to sabotage the demonetization policy announced by the Government of India. 5. Learned Standing Counsel for the Enforcement Directorate urged that the petitioner is one of the main accused who along with others exchanged demonetized currency into the monetized currency on illegal commission basis for various people. Look-Out Circular was requested by the Enforcement Directorate to be opened against the petitioner. Pursuant to that, the petitioner was intercepted by the immigration officials at Mumbai Airport while attempting to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was not extended after 2.2.2017 in this case and so he is not in custody of this case from 3.2.2017 till date." 7. Apparently, the petitioner presently is involved in the instant PMLA case only. 8. Admitted position is that the premises where raid was conducted on 10.12.2016 i.e. R-89, Greater Kailash part-I, New Delhi, did not belong to the petitioner. It is also admitted that at the time of recovery of ₹ 2.62 crores in the denomination of ₹ 2000 currency notes, the petitioner was not present in the said premises. On being asked whether the currency ₹ 2.62 crores recovered from Rohit Tandon's premises belonged to the petitioner, learned Senior Counsel, on instructions, emphatically denied if the said currency belonged t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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