https://www.taxtmi.com/caselaws?id=400272 In a PMLA bail matter, the Bombay HC treated the alleged money-laundering activity as a serious economic offence and assessed the complaint, investigation statements, forensic material and the applicant's alleged role in approving and processing infrastructure-related transactions. It noted that funds were said to have been routed through group entities and that the applicant was allegedly linked to proceeds of crime. Applying the settled approach that economic offences stand on a different footing for bail and that the statutory burden under the Act remains relevant, the Court found no case for release at that stage and rejected bail. en-us Thu, 29 Oct 2020 00:00:00 +0530 Mon, 02 Nov 2020 14:47:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400272 In a PMLA bail matter, the Bombay HC treated the alleged money-laundering activity as a serious economic offence and assessed the complaint, investigation statements, forensic material and the applicant's alleged role in approving and processing infrastructure-related transactions. It noted that funds were said to have been routed through group entities and that the applicant was allegedly linked to proceeds of crime. Applying the settled approach that economic offences stand on a different footing for bail and that the statutory burden under the Act remains relevant, the Court found no case for release at that stage and rejected bail. Case-Laws Money Laundering Thu, 29 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400272