https://www.taxtmi.com/caselaws?id=188468 Under the Prevention of Money Laundering Act, 2002, the stricter bail conditions in section 45 apply only where the alleged money-laundering conduct is linked to a scheduled offence and the property can prima facie be treated as proceeds of crime. The note states that, on the material before the Court, no scheduled offence was made out against the applicant, and alleged gains from illegal betting could not be treated as proceeds of crime for section 3. On that basis, the section 45 embargo was treated as inapplicable, and bail was to be considered under the ordinary principles of the Code of Criminal Procedure, 1973. en-us Tue, 20 Oct 2015 00:00:00 +0530 Fri, 02 Dec 2016 10:55:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188468 Under the Prevention of Money Laundering Act, 2002, the stricter bail conditions in section 45 apply only where the alleged money-laundering conduct is linked to a scheduled offence and the property can prima facie be treated as proceeds of crime. The note states that, on the material before the Court, no scheduled offence was made out against the applicant, and alleged gains from illegal betting could not be treated as proceeds of crime for section 3. On that basis, the section 45 embargo was treated as inapplicable, and bail was to be considered under the ordinary principles of the Code of Criminal Procedure, 1973. Case-Laws Money Laundering Tue, 20 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188468