https://www.taxtmi.com/caselaws?id=271115 Bail under the Prevention of Money Laundering Act was considered alongside the requirement of identifiable proceeds of crime. The court noted that investigation had substantially progressed, the case depended mainly on documentary material and recorded statements, and further custodial interrogation was not shown to be necessary; bail was therefore granted. It also held that cricket betting was not the scheduled offence and that the material did not establish proceeds of crime, as the alleged link concerned SIM cards rather than a proven predicate offence. On that basis, the statutory presumptions were treated as inapplicable and the money-laundering allegation was not made out on the record. en-us Fri, 08 Jan 2016 00:00:00 +0530 Wed, 23 Nov 2016 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271115 Bail under the Prevention of Money Laundering Act was considered alongside the requirement of identifiable proceeds of crime. The court noted that investigation had substantially progressed, the case depended mainly on documentary material and recorded statements, and further custodial interrogation was not shown to be necessary; bail was therefore granted. It also held that cricket betting was not the scheduled offence and that the material did not establish proceeds of crime, as the alleged link concerned SIM cards rather than a proven predicate offence. On that basis, the statutory presumptions were treated as inapplicable and the money-laundering allegation was not made out on the record. Case-Laws Money Laundering Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271115