https://www.taxtmi.com/caselaws?id=348601 Bail under the Prevention of Money Laundering Act, 2002 was considered in relation to allegations of fund diversion through forged import documents and bank transactions. Section 19 requires material in possession and recorded reasons to believe before arrest, while Section 24 addresses the burden of proof concerning proceeds of crime. The twin conditions under Section 45(1) require an assessment on broad probabilities at the bail stage, not a conclusive determination of innocence. Repeated cooperation with investigation, filing of the complaint before the Special Court, and absence of cogent material supporting continued detention supported release on bail. en-us Fri, 04 Aug 2017 00:00:00 +0530 Tue, 26 Sep 2017 07:52:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348601 Bail under the Prevention of Money Laundering Act, 2002 was considered in relation to allegations of fund diversion through forged import documents and bank transactions. Section 19 requires material in possession and recorded reasons to believe before arrest, while Section 24 addresses the burden of proof concerning proceeds of crime. The twin conditions under Section 45(1) require an assessment on broad probabilities at the bail stage, not a conclusive determination of innocence. Repeated cooperation with investigation, filing of the complaint before the Special Court, and absence of cogent material supporting continued detention supported release on bail. Case-Laws Money Laundering Fri, 04 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348601