https://www.taxtmi.com/caselaws?id=398622 Bail under the Prevention of Money Laundering Act was declined where the allegations involved large-scale fraudulent foreign exchange remittances, fabrication of documents and incriminating material, and the accused had already given a statement under Section 50(3). The charge sheet had been filed, the matter was pending before the trial court, and no material change in circumstances was shown after two earlier bail rejections. The Court treated the gravity of the offence and the risk of tampering with evidence or influencing witnesses as decisive against release, and dismissed the petition. en-us Wed, 05 Aug 2020 00:00:00 +0530 Mon, 21 Sep 2020 10:34:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398622 Bail under the Prevention of Money Laundering Act was declined where the allegations involved large-scale fraudulent foreign exchange remittances, fabrication of documents and incriminating material, and the accused had already given a statement under Section 50(3). The charge sheet had been filed, the matter was pending before the trial court, and no material change in circumstances was shown after two earlier bail rejections. The Court treated the gravity of the offence and the risk of tampering with evidence or influencing witnesses as decisive against release, and dismissed the petition. Case-Laws Money Laundering Wed, 05 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398622