HC denied bail in a money laundering case involving illegal ...

Money Laundering Case: Bail Denied Under Section 45 PMLA for Counterfeit Cancer Drug Racket Through Banking Channels

February 1, 2025

Case Laws Money Laundering HC

HC denied bail in a money laundering case involving illegal procurement and sale of counterfeit anti-cancer drugs through firms Delhi Medicine Hub and Cancer Medicine Agency. The court found that twin conditions under Section 45 PMLA were not satisfied based on statements recorded under Section 50 PMLA and documentary evidence showing involvement in laundering proceeds through banking and hawala channels. Despite the principle "bail is rule, jail exception," the court emphasized that Section 50 PMLA statements hold evidentiary value as judicial proceedings, not subject to Article 20(3) and 21 restrictions. Given the ongoing investigation, supplementary prosecution complaint, and financial records indicating active participation in the crime proceeds laundering, bail application was rejected to maintain investigative integrity.

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HC denied bail in a money laundering case involving illegal ...

Money Laundering Case: Bail Denied Under Section 45 PMLA for Counterfeit Cancer Drug Racket Through Banking Channels

February 1, 2025

Case Laws Money Laundering HC

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