https://www.taxtmi.com/caselaws?id=342574 Regular bail under PMLA was refused because the record showed a prima facie nexus between the scheduled offences and the alleged money-laundering activity. The existence of an FIR for the predicate offences was sufficient to set the PMLA process in motion, and the PMLA proceedings were treated as independent of the stage of the scheduled-offence case. Investigation material, including Section 50 statements, account analysis, and recovery of large cash deposits and demand drafts, supported serious allegations of laundering demonetized currency. Given the stringent bail regime under Section 45 and the gravity of the allegations, no sufficient ground for release on bail was found. en-us Fri, 05 May 2017 00:00:00 +0530 Thu, 28 Dec 2017 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342574 Regular bail under PMLA was refused because the record showed a prima facie nexus between the scheduled offences and the alleged money-laundering activity. The existence of an FIR for the predicate offences was sufficient to set the PMLA process in motion, and the PMLA proceedings were treated as independent of the stage of the scheduled-offence case. Investigation material, including Section 50 statements, account analysis, and recovery of large cash deposits and demand drafts, supported serious allegations of laundering demonetized currency. Given the stringent bail regime under Section 45 and the gravity of the allegations, no sufficient ground for release on bail was found. Case-Laws Money Laundering Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342574