https://www.taxtmi.com/caselaws?id=408508 The Court denied bail to the petitioner in a case under the Prevention of Money Laundering Act, citing the seriousness of the offense, the risk of evidence tampering, and previous dismissed bail petitions. Emphasizing the impact on the financial system and sovereignty, the Court highlighted the offense as International Trade Based Money Laundering under PMLA Sections 3 and 4. With the trial pending and no change in circumstances, bail was refused to prevent tampering with evidence and ensure trial completion within twelve months. The Criminal Original Petition for bail was dismissed based on these factors. en-us Fri, 09 Apr 2021 00:00:00 +0530 Sat, 12 Jun 2021 08:45:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408508 The Court denied bail to the petitioner in a case under the Prevention of Money Laundering Act, citing the seriousness of the offense, the risk of evidence tampering, and previous dismissed bail petitions. Emphasizing the impact on the financial system and sovereignty, the Court highlighted the offense as International Trade Based Money Laundering under PMLA Sections 3 and 4. With the trial pending and no change in circumstances, bail was refused to prevent tampering with evidence and ensure trial completion within twelve months. The Criminal Original Petition for bail was dismissed based on these factors. Case-Laws Money Laundering Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408508