https://www.taxtmi.com/caselaws?id=188421 In a bail matter involving alleged cricket betting, the HC examined whether the PMLA's bail restriction applied where the applicant was not charged with any scheduled offence. It held that, on the material before it, the alleged betting income did not prima facie constitute "proceeds of crime" under the PMLA, so the special bar in Section 45(1) was not prima facie attracted. The application was therefore to be considered under ordinary criminal bail principles, and the Court also found that the stage of proceedings did not justify continued custody. Bail was granted. en-us Tue, 20 Oct 2015 00:00:00 +0530 Thu, 01 Dec 2016 10:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188421 In a bail matter involving alleged cricket betting, the HC examined whether the PMLA's bail restriction applied where the applicant was not charged with any scheduled offence. It held that, on the material before it, the alleged betting income did not prima facie constitute "proceeds of crime" under the PMLA, so the special bar in Section 45(1) was not prima facie attracted. The application was therefore to be considered under ordinary criminal bail principles, and the Court also found that the stage of proceedings did not justify continued custody. Bail was granted. Case-Laws Money Laundering Tue, 20 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188421