JUDGEMENT

FACTUAL BACKGROUND .......................................................... 3 INDEX TO THE JUDGMENT BAIL APPLN. 795/2024 Page 2 of 59 SUBMISSIONS ON BEHALF OF THE APPLICANT .............. 10 SUBMISSIONS ON BEHALF OF THE RESPONDENT ........ 17 PRE-ARREST BAIL: LAW AND PRECEDENTS...................... 20 GRANT OF BAIL IN CASES UNDER PMLA............................ 22 Section 45 of PMLA ................................................................................ 22 Judicial Precedents: Mandatory Twin Conditions ............................... 23 Section 45 of PMLA Applicable in case of Anticipatory Bail ............ 26 Adjudication of Anticipatory Bail in cases of Money Laundering .... 28 SECTION 50 OF PMLA ................................................................ 29 Power of Directorate of Enforcement to Summon Any Person under Section 50 of PMLA ................................................................................ 29 Evidentiary Value of Statements Recorded under Section 50 of PMLA: At the Stage of Consideration of Bail/Anticipatory Bail ...... 33 INVESTIGATION CONDUCTED SO FAR & THE ROLE OF PRESENT APPLICANT............................