Welcome back to Caseon!
Log in today and discover expertly curated legal audios and how our AI-powered, tailor-made responses can empower you to navigate the complexities of your case.
Stay ahead of the curve—don’t miss out on the insights that could transform your legal practice!
As per case facts, the applicant, Amit Aggarwal, is implicated in a large-scale money laundering scheme involving forged Form 15CB certificates used for fraudulent foreign remittances through sham entities. He
...was identified as the kingpin, operating under an alias, and layering funds through family accounts. After his anticipatory bail was set aside by the Supreme Court for custodial interrogation, he was arrested and interrogated. With the investigation against him now concluded by ED's supplementary complaint, he sought regular bail. The question arose whether he should be granted bail, considering PMLA's stringent conditions, the gravity of economic offenses, his prolonged incarceration, and the remote possibility of a speedy trial. Finally, the High Court, citing Supreme Court precedents, found that uncorroborated co-accused statements and lack of direct "proceeds of crime" evidence in his hands were insufficient to deny bail. Emphasizing that continued detention without a speedy trial violates Article 21, particularly when investigation is complete and the maximum sentence is seven years, the court granted him regular bail with conditions.
Legal Notes
Add a Note....