https://www.taxtmi.com/caselaws?id=388545 In a PMLA bail application, the Delhi HC treated money-laundering as a distinct continuing offence linked to the alleged proceeds of crime and assessed the prosecution material on a prima facie basis. The Court found indications of a serious laundering network involving shell companies, foreign accounts and alleged fabrication of records, and considered the conventional bail factors of flight risk, tampering with evidence and influencing witnesses. Although the accused was not shown to be a flight risk, the gravity of the allegations, the alleged active role and the economic nature of the offence weighed against release. Bail was therefore declined. en-us Fri, 15 Nov 2019 00:00:00 +0530 Mon, 18 Nov 2019 08:59:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388545 In a PMLA bail application, the Delhi HC treated money-laundering as a distinct continuing offence linked to the alleged proceeds of crime and assessed the prosecution material on a prima facie basis. The Court found indications of a serious laundering network involving shell companies, foreign accounts and alleged fabrication of records, and considered the conventional bail factors of flight risk, tampering with evidence and influencing witnesses. Although the accused was not shown to be a flight risk, the gravity of the allegations, the alleged active role and the economic nature of the offence weighed against release. Bail was therefore declined. Case-Laws Money Laundering Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388545