Delhi High Court Denies Bail in ₹3,035 Crore Money Laundering Case: "SBFL's Financial Irregularities, Including Inflated Inventories and Diversion of Bank Funds, Highlighted; Petitioner’s Role in Shell Transactions and Diversion Fails Twin Conditions Under PMLA

Delhi High Court Denies Bail in ₹3,035 Crore Money Laundering Case: “SBFL’s Financial Irregularities, Including Inflated Inventories and Diversion of Bank Funds, Highlighted; Petitioner’s Role in Shell Transactions and Diversion Fails Twin Conditions Under PMLA

Court’s Decision The court's decision to dismiss the bail application was based on evidence indicating the petitioner’s involvement in financial crimes. The judgment leaned on the twin conditions of Section…