Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
The applicant's bail application was rejected as the conditions u/s 45 of PMLA were not satisfied. The HC found substantial material indicating the applicant's involvement as a key conspirator and beneficiary in the money laundering offence related to the alleged custom rice milling levy scam. The economic offence involving deep-rooted conspiracy and huge public loss was viewed seriously. The HC held that the twin conditions u/s 45 obligated it to arrive at a positive finding that the applicant did not commit a money laundering offence, which was not established. The presumption of guilt on the accused under PMLA to disprove involvement in money laundering remained unfulfilled. Consequently, the bail prayer was rejected.
The applicant's bail application was rejected as the conditions u/s 45 of PMLA were not satisfied. The HC found substantial material indicating the applicant's involvement as a key conspirator and beneficiary in the money laundering offence related to the alleged custom rice milling levy scam. The economic offence involving deep-rooted conspiracy and huge public loss was viewed seriously. The HC held that the twin conditions u/s 45 obligated it to arrive at a positive finding that the applicant did not commit a money laundering offence, which was not established. The presumption of guilt on the accused under PMLA to disprove involvement in money laundering remained unfulfilled. Consequently, the bail prayer was rejected.
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