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Showing contexts for: unsigned statement in Roshan Chandrakar vs Directorate Of Enforcement on 12 September, 2025Matching Fragments
13. It is further submitted that no recovery of any incriminating material or proceeds of crime has been made from the applicant, despite extensive searches conducted by the Enforcement Directorate and tine Income Tax Department. The case against the applicant at best, rests on inadmissible Section 50 of the PMLA statements of co- accused persons and unsigned diaries, both of which lack any substantive evidentiary value (CBI Vs. V.C.Shukla (1998) 3 SCC 410).
14. Even assuming for the sake of argument that the allegations relate to a grave economic offence, it is well settled that gravity of the offence alone cannot justify denial of bail, and each case must turn on its own facts (P.Chidambaram Vs. ED, (2020) 13 SCC 791). Here, the alleged role of the applicant has neither been proved nor corroborated by independent evidence and the trial is nowhere near commencement.