HC denied bail in a money laundering case, finding the arrest ...

Money Laundering Bail Denied: Court Finds Strong Evidence Under PMLA Sections 19, 45, and 50 in Spurious Medicine Case

January 31, 2025

Case Laws     Money Laundering     HC

HC denied bail in a money laundering case, finding the arrest complied with Section 19 of PMLA requirements for "reason to believe" based on concrete evidence including financial records, digital communications, and statements from multiple co-accused. The Court determined statements recorded under Section 50 PMLA were admissible as evidence. Applicant failed to satisfy the twin conditions under Section 45 PMLA - neither establishing reasonable grounds for innocence nor proving unlikelihood of committing further offences while on bail. The ongoing investigation, organized nature of the offense involving spurious medicines, and applicant's alleged active role in the financial syndicate warranted continued detention. The bail application was dismissed to maintain investigative integrity.

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