https://www.taxtmi.com/caselaws?id=402329 In money-laundering prosecutions, bail is governed by the special restrictions in the Prevention of Money Laundering Act and those conditions override the general power under the Code of Criminal Procedure. The article notes that, where allegations concern a serious economic offence, diversion of homebuyers' funds, shell companies, and a continuing investigation into the money trail, the gravity of the accusations and the statutory safeguards for release on bail become controlling factors. On that basis, discretionary release was declined and bail was rejected. en-us Wed, 09 Dec 2020 00:00:00 +0530 Wed, 30 Dec 2020 11:30:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402329 In money-laundering prosecutions, bail is governed by the special restrictions in the Prevention of Money Laundering Act and those conditions override the general power under the Code of Criminal Procedure. The article notes that, where allegations concern a serious economic offence, diversion of homebuyers' funds, shell companies, and a continuing investigation into the money trail, the gravity of the accusations and the statutory safeguards for release on bail become controlling factors. On that basis, discretionary release was declined and bail was rejected. Case-Laws Money Laundering Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402329