Mere retraction of the confession may not be sufficient to make confessional statement irrelevant

In the case of: Meghraj Jain Vs. UOI, Decided by: Bombay High Court

Pursuant to a search under FERA, the premises of the appellant were searched on 11.4.1989. Foreign currency was recovered though no incriminating material was found. In his statement recorded on the same day, the appellant confessed to indulging in various foreign exchange transactions. One Mr. Narendra Mirani also confessed that the foreign exchange seized from him during the search was purchased by him from the appellant and the rates of purchase were g

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