https://www.taxtmi.com/caselaws?id=401840 Bail under the Prevention of Money Laundering Act was refused where the applicant's predicate corruption conviction, investigation material showing proceeds of crime, and confirmed provisional attachment together supported the complaint. The court found the applicant's explanation for alleged gifts and sale advances insufficient to displace the evidence collected during investigation. The applicant's prolonged absence before the trial court, which led to issuance of a non-bailable warrant, further weighed against grant of bail. On these facts, the precedents cited on bail did not assist the applicant, and the bail application was rejected. en-us Wed, 25 Nov 2020 00:00:00 +0530 Fri, 18 Dec 2020 16:33:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401840 Bail under the Prevention of Money Laundering Act was refused where the applicant's predicate corruption conviction, investigation material showing proceeds of crime, and confirmed provisional attachment together supported the complaint. The court found the applicant's explanation for alleged gifts and sale advances insufficient to displace the evidence collected during investigation. The applicant's prolonged absence before the trial court, which led to issuance of a non-bailable warrant, further weighed against grant of bail. On these facts, the precedents cited on bail did not assist the applicant, and the bail application was rejected. Case-Laws Money Laundering Wed, 25 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401840