https://www.taxtmi.com/caselaws?id=402299 Bail in money-laundering prosecutions is subject to overriding statutory restrictions requiring the prosecutor's opportunity to oppose release and reasonable grounds to believe the accused is not guilty and unlikely to reoffend while on bail. Allegations of large-scale diversion and laundering, an incomplete investigation, an untraced money trail, the gravity and scale of the alleged economic offence, and existing monitoring directions weighed against release. The bail application was rejected because the statutory conditions for bail were not satisfied. 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 Bail in money-laundering prosecutions is subject to overriding statutory restrictions requiring the prosecutor's opportunity to oppose release and reasonable grounds to believe the accused is not guilty and unlikely to reoffend while on bail. Allegations of large-scale diversion and laundering, an incomplete investigation, an untraced money trail, the gravity and scale of the alleged economic offence, and existing monitoring directions weighed against release. The bail application was rejected because the statutory conditions for bail were not satisfied. Case-Laws Money Laundering Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402299