https://www.taxtmi.com/caselaws?id=294822 Bail in a PMLA prosecution was refused because the investigation material and complaint disclosed a prima facie role in projecting tainted funds as untainted through company accounts and related transactions. The Court treated money laundering as a serious economic offence involving public money and held that completion of the investigation did not, by itself, justify release. It also held that bail granted in the predicate offence was not determinative for the laundering case. On the material before it, the applicant's involvement was sufficiently shown to outweigh the claim for pre-trial release, and the application was rejected. en-us Sat, 22 Dec 2018 00:00:00 +0530 Tue, 04 May 2021 19:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294822 Bail in a PMLA prosecution was refused because the investigation material and complaint disclosed a prima facie role in projecting tainted funds as untainted through company accounts and related transactions. The Court treated money laundering as a serious economic offence involving public money and held that completion of the investigation did not, by itself, justify release. It also held that bail granted in the predicate offence was not determinative for the laundering case. On the material before it, the applicant's involvement was sufficiently shown to outweigh the claim for pre-trial release, and the application was rejected. Case-Laws Money Laundering Sat, 22 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294822