https://www.taxtmi.com/caselaws?id=395949 The court dismissed the bail application in a money laundering case under the Prevention of Money Laundering Act. The petitioner, accused of depositing demonetized notes and transferring funds through RTGS, claimed innocence due to lack of direct involvement. However, the prosecution alleged the petitioner's central role in the scheme. The court emphasized stringent bail conditions under Section 45 of the Act, considering evidence like the petitioner's statement and CDRs. Despite dismissing bail, the court ordered an expedited trial conclusion, highlighting the seriousness of economic offenses and public interest. en-us Thu, 11 Jun 2020 00:00:00 +0530 Mon, 15 Jun 2020 10:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395949 The court dismissed the bail application in a money laundering case under the Prevention of Money Laundering Act. The petitioner, accused of depositing demonetized notes and transferring funds through RTGS, claimed innocence due to lack of direct involvement. However, the prosecution alleged the petitioner's central role in the scheme. The court emphasized stringent bail conditions under Section 45 of the Act, considering evidence like the petitioner's statement and CDRs. Despite dismissing bail, the court ordered an expedited trial conclusion, highlighting the seriousness of economic offenses and public interest. Case-Laws Money Laundering Thu, 11 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395949