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2017 (5) TMI 1429 - HC - Money LaunderingRegular bail under Section 439 Cr.P.C. in case registered under Sections 3 and 4 of PMLA - Held that:- 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. When specifically enquired as to how the money recovered from Rohit 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 with one surety in the like amount to the satisfaction of the Trial Court. The petitioner shall not leave India without prior permission of the Trial Court.
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