https://www.taxtmi.com/caselaws?id=340980 Where the alleged offence falls within Part A of the Schedule to the Prevention of Money-Laundering Act, 2002, Section 45 imposes mandatory twin conditions for bail and overrides the general bail provisions of the Code of Criminal Procedure; bail could not be granted on a relaxed standard. On the facts, the cash and demonetised currency recovered from the petitioner's premises were not satisfactorily explained, and the affidavits and recorded statements did not establish a credible lawful source. The statutory requirements of reasonable grounds to believe the petitioner was not guilty and would not commit an offence on bail were not met, so bail was refused. en-us Thu, 23 Feb 2017 00:00:00 +0530 Wed, 23 Aug 2017 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340980 Where the alleged offence falls within Part A of the Schedule to the Prevention of Money-Laundering Act, 2002, Section 45 imposes mandatory twin conditions for bail and overrides the general bail provisions of the Code of Criminal Procedure; bail could not be granted on a relaxed standard. On the facts, the cash and demonetised currency recovered from the petitioner's premises were not satisfactorily explained, and the affidavits and recorded statements did not establish a credible lawful source. The statutory requirements of reasonable grounds to believe the petitioner was not guilty and would not commit an offence on bail were not met, so bail was refused. Case-Laws Money Laundering Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340980