Accommodation entries through shell companies – Bail granted on the basis of period of incarceration & delay in investigation

Raman Bhuraria Vs Directorate of Enforcement (Delhi High Court) Delhi High Court held that the applicant is established to be a mastermind of the whole operation only on the basis of statements under section 50 of the Prevention of Money Laundering Act, 2002. Also, period of incarceration and delay in investigation justifies a prima facie release of applicant on bail. Facts- On 31.12.2020, the CBI registered a FIR bearing No. RC0742020E0014 against M/s Shakti Bhog Foods Ltd. (hereinafter called as SBFL) and Mr. Kewal Krishan Kumar, Director/ Promoter of M/s SBFL under Section 120B read with Se...