Bail Can't Be Denied Under PMLA On Mere Assumption That Property Recovered From Accused Must Be Proceed Of Crime: Delhi High Court

Delhi High Court on PMLA Bail and Proceeds of Crime The Delhi High Court granted bail to an accused under the Prevention of Money Laundering Act (PMLA), emphasizing the need for clear evidence linking the accused to proceeds of crime. The court noted that mere possession of assets does not constitute a crime under PMLA unless it is proven that the assets are proceeds of crime. The decision highlights the importance of concrete evidence in PMLA cases and the need for a fair trial. The court’s ruling aims to ensure that bail is not denied without substantial proof of wrongdoing.