The single bench in the case observed that upon going through the evidence which includes the amounts of money and assets, jewellery seized from Chatterjee and co-accused Arpita Mukherjee denied the bail application.
The court held that that, this court have taken into account the materials available in the instant case, particularly, the seizures, which were effected both in respect of the movable and immovable assets, the consistent version of the witnesses under section 50 of the Prevention of Money Laundering Act, PMLA as well as the corroborating materials which establishes the relationship between Partha Chatterjee and Arpita Mukherjee, which demonstrates trust, faith and confidence from both the sides, as the petitioner is the nominee in the bank account and insurance policies and the immoveable properties which have been purchased through different companies were in the name of Ms. Arpita Mukherjee. Therefore, the statement which points to the cash seizures and jewellery from the two flats does not at this stage create any circumstance in favour of the petitioner to overcome the twin conditions as stated under Section 45 of Prevention of Money Laundering Act, PMLA.
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AAP leader Harsharan Singh Balli joins BJP after four years
Aam Aadmi Party (AAP) leader and former Delhi Minister Sardar Harsharan Singh Balli on Sunday joined the Bharatiya Janata Party (BJP).
BCA president lauds Bihar's thrilling 43-run win over Assam
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Squash: Anahat's stellar season continues with seventh PSA title win in Australia
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Palak-Amit pair strikes air pistol mixed team gold in World University C'ship
The event is being hosted by Manav Rachna International Institute of Research and Studies.
Hockey: Jharkhand, Maharashtra among winners on day 7 in Senior Men's National Championship
Hockey Association of Odisha, Le Puducherry Hockey, Hockey Jharkhand and Hockey Maharashtra registered dominant wins in their respective pool matches on the seventh day of the 14th Hockey India Senior Men National Championship here on Sunday.
McSweeney named to open for Australia against India in 1st Test
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RIZWAN LEADS PAK TO HISTORIC ODI SERIES WIN IN AUSTRALIA
Pakistan's all-round performance with both bat and ball helped the team to register a series win at the Perth Stadium on Sunday after a long gap of 22 years.
Australian batting sinks to first-time low during ODI series loss to Pakistan at home
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Cycling great Cavendish wins final race in Singapore
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HISTORY OF VERDANT GODAVARI
Never the Twain Shall Meet is the title of two prominent Hollywood blockbusters, including a 1925s silent movie.