https://www.taxtmi.com/caselaws?id=402299 In money-laundering prosecutions, the Prevention of Money Laundering Act applies overriding bail restrictions and requires prior notice to the prosecutor, along with satisfaction that there are reasonable grounds to believe the accused is not guilty and will not reoffend on bail. The article notes that these conditions call for heightened caution in grave economic offences, particularly where the alleged diversion and laundering of funds is large-scale, the money trail remains incomplete, and the investigation is still ongoing. On that basis, release on bail was refused because the statutory conditions for bail were not met. en-us Wed, 09 Dec 2020 00:00:00 +0530 Mon, 04 Nov 2024 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402299 In money-laundering prosecutions, the Prevention of Money Laundering Act applies overriding bail restrictions and requires prior notice to the prosecutor, along with satisfaction that there are reasonable grounds to believe the accused is not guilty and will not reoffend on bail. The article notes that these conditions call for heightened caution in grave economic offences, particularly where the alleged diversion and laundering of funds is large-scale, the money trail remains incomplete, and the investigation is still ongoing. On that basis, release on bail was refused because the statutory conditions for bail were not met. Case-Laws Money Laundering Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402299