https://www.taxtmi.com/caselaws?id=333444 Anticipatory bail in a money-laundering complaint was granted because the material did not meaningfully establish the essential ingredient that the petitioner projected or claimed proceeds of crime as untainted property. The court noted prior interrogation, the lack of satisfactory support for the allegation that unlawful proceeds had been generated on the asserted basis, and the fact that the principal immovable asset had already been attached. It further found that the stated cash credits, income figures, and alleged pseudoephedrine transaction were not supported by documentary material sufficient to show money laundering. The petition was allowed, with surrender before the designated court for consideration of bail on appropriate terms. en-us Fri, 07 Oct 2016 00:00:00 +0530 Fri, 18 Aug 2017 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333444 Anticipatory bail in a money-laundering complaint was granted because the material did not meaningfully establish the essential ingredient that the petitioner projected or claimed proceeds of crime as untainted property. The court noted prior interrogation, the lack of satisfactory support for the allegation that unlawful proceeds had been generated on the asserted basis, and the fact that the principal immovable asset had already been attached. It further found that the stated cash credits, income figures, and alleged pseudoephedrine transaction were not supported by documentary material sufficient to show money laundering. The petition was allowed, with surrender before the designated court for consideration of bail on appropriate terms. Case-Laws Money Laundering Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333444