Prosecution Can't Commence With Statement Of Co-Accused U/S 50 PMLA: Calcutta HC Grants Bail To Recruitment Scam Accused Sujay Krishna Bhadra

The Calcutta High Court granted bail to a recruitment scam accused, Sujay Krishna Bhadra, stating that prosecution cannot commence solely based on the statement of a co-accused under Section 50 of the PMLA. The Court emphasized that evidence must be substantial and independent to commence prosecution in money laundering cases. This ruling challenges the reliance on confessional statements from co-accused individuals and reinforces the need for solid evidence in criminal prosecutions under the Prevention of Money Laundering Act (PMLA).