Home Case Index All Cases Money Laundering Money Laundering + HC Money Laundering - 2022 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (9) TMI 1527 - PUNJAB AND HARYANA HIGH COURTGrant of bail - Money Laundering - siphoning off of funds to purchase properties in the name of his wife Nisha, and subsequently she gifted a few properties to their daughter - HELD THAT:- There is prima facie evidence which points out embezzlement and laundering of massive sum of money and there is clear cut evidence of the gift amount of around Rs.26.42 crores. The statement made in the reply mentioned above corroborated by the digital and documentary evidence - The frauds of crime are approximately Rs.155.21 crores. Given the fact that there is prima facie sufficient evidence connecting the petitioner with the aforesaid amount and also considering the massive amount involved, the petitioner is not entitled to bail - the petition is dismissed.
|