Seeking grant of Regular Bail - Money Laundering - proceeds of ...

Court Grants Bail in Money Laundering Case Citing Evidence Gaps and Witness Reliability Issues in Subsidy Fraud Probe.

March 14, 2024

Case Laws Money Laundering HC

Seeking grant of Regular Bail - Money Laundering - proceeds of crime - predicate offence - subsidy fraud in IFFCO by opening Kisan International Trading - The Delhi High Court granted bail to the petitioner charged under the PMLA, after examining the evidence and submissions presented. The court found inconsistencies in the prosecution's allegations, particularly regarding the inflation of prices for fertilizer imports and the establishment of an unbroken money trail to prove the proceeds of crime. The decision emphasized the importance of substantiating allegations with concrete evidence and highlighted issues with witness reliability in the context of PMLA charges.

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Seeking grant of Regular Bail - Money Laundering - proceeds of ...

Court Grants Bail in Money Laundering Case Citing Evidence Gaps and Witness Reliability Issues in Subsidy Fraud Probe.

March 14, 2024

Case Laws Money Laundering HC

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