https://www.taxtmi.com/caselaws?id=348511 The Delhi HC held that regular bail under the Prevention of Money Laundering Act is governed by the Act's special bail regime, which overrides the general power under the Code of Criminal Procedure. Because the allegations involved laundering through accommodation entries, layering and projection of tainted funds as untainted property, the Court found no material basis to conclude that the accused was not guilty or unlikely to reoffend, so bail was not warranted. The Court also rejected the objections that proceedings could not begin before cognizance in the scheduled offence and that earlier placement of the predicate offence in Part B barred application of the bail restrictions. en-us Wed, 20 Sep 2017 00:00:00 +0530 Sat, 23 Sep 2017 10:38:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348511 The Delhi HC held that regular bail under the Prevention of Money Laundering Act is governed by the Act's special bail regime, which overrides the general power under the Code of Criminal Procedure. Because the allegations involved laundering through accommodation entries, layering and projection of tainted funds as untainted property, the Court found no material basis to conclude that the accused was not guilty or unlikely to reoffend, so bail was not warranted. The Court also rejected the objections that proceedings could not begin before cognizance in the scheduled offence and that earlier placement of the predicate offence in Part B barred application of the bail restrictions. Case-Laws Money Laundering Wed, 20 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348511