of the petitioners. He submits that in the case of Preeti Chandra vs. Enforcement Directorate , 2023 SCC OnLine Del 3622 , this Court has held that the statements recorded under Section 50 can only be analyzed once the parties have entered the witness box. Further, in Manish Sisodia vs. Directorate of Enforcement , 2023 SCC OnLine Del 3770 , this Court held that although the statements recorded under Section 50 of PMLA are admissible in evidence, however, their evidentiary value has to be weighed at the time of trial. He submits that at this stage, evidence cannot be appreciated meticulously, and the statements cannot be taken as gospel truth, only broad probabilities have to be considered. Learned counsel for the petitioners also brings attention of this Court to the judgment in Sanjay Jain vs. Directorate of Enforcement , 2024 SCC OnLine Del 1656, wherein it was held by this Court that statement of co-accused under Section 50 of PMLA is not a substantive piece of evidence and can only be used for the purpose of corroboration in support of other evidence to lend assurance to the Court in arriving at a conclusion of guilt. He submits that even otherwise, the statements under Section 50 have subsequently been retracted and are not reliable to form a basis of the guilt of the petitioners for the offences as alleged. Moreover, it is his submission that any statements made under Section 50 post arrest would be in the teeth of Article 20(3) of Constitution of India, rendering the said statements inadmissible in evidence.
