https://www.taxtmi.com/caselaws?id=343691 Regular bail under Section 439 CrPC in a PMLA prosecution was granted where the petitioner had remained in custody since 19.12.2016, the searched premises did not belong to him, he was not present at the time of recovery, and no cash was recovered at his instance. The court found that the link between the seized currency and the petitioner depended on statements requiring trial scrutiny, with no credible material showing ownership of the money or direct benefit to him. On that basis, the length of detention and absence of convincing evidence justified release on bail, subject to bond, surety and a travel restriction. en-us Mon, 29 May 2017 00:00:00 +0530 Wed, 27 Dec 2017 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343691 Regular bail under Section 439 CrPC in a PMLA prosecution was granted where the petitioner had remained in custody since 19.12.2016, the searched premises did not belong to him, he was not present at the time of recovery, and no cash was recovered at his instance. The court found that the link between the seized currency and the petitioner depended on statements requiring trial scrutiny, with no credible material showing ownership of the money or direct benefit to him. On that basis, the length of detention and absence of convincing evidence justified release on bail, subject to bond, surety and a travel restriction. Case-Laws Money Laundering Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343691