The High Court considered a bail application in a money ...

High Court denied bail in a money laundering case involving leasing Waqf properties. Accused misled about surgery, evidence pointed to criminal conspiracy.

Case Laws     Money Laundering

July 4, 2024

The High Court considered a bail application in a money laundering case involving illegal gratification for leasing Waqf properties. It assessed the evidentiary value of statements u/s 50 of PMLA for bail purposes. The evidence indicated a criminal conspiracy involving the accused in investing proceeds of crime in immovable properties. The Court found that the accused misled about the necessity of bail for a surgery, casting doubt on their credibility. The Court concluded that the evidence warranted the application of Section 45 of PMLA, denying bail to the applicants. The bail application was dismissed.

View Source