HC releases petitioner accused of money laundering on bail as no link was found between accused and alleged Cos.

FEMA, BANKING amp; INSURANCE : Where petitioner had been described as an agent of 'A' who had been involved in illegal money-laundering by bank transfer and Hawala through companies situated in United Arab Emirates, Bangladesh and India, however, investigation did not suggest any link between accused petitioner and above named companies, hence, further detention of petitioner was not required, petitioner was to be released on bail

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