https://www.taxtmi.com/caselaws?id=410416 The court dismissed the bail applications of the petitioners, emphasizing the seriousness of the offenses, the risk of flight, and the ongoing investigation involving illegal foreign exchange transactions and money laundering. The court found that the amended Section 45(1) of the PMLA, post its declaration as unconstitutional, was cured by the Legislature through an amendment in the Finance Act, 2018, making it presumed constitutional. Additionally, the court held that the Enforcement Directorate acting as both the complainant and the Investigating Officer did not automatically lead to bias or unfairness, following the Supreme Court's precedent in Mukesh Singh vs. State (NCT) of Delhi. en-us Fri, 30 Jul 2021 00:00:00 +0530 Sat, 31 Jul 2021 09:49:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410416 The court dismissed the bail applications of the petitioners, emphasizing the seriousness of the offenses, the risk of flight, and the ongoing investigation involving illegal foreign exchange transactions and money laundering. The court found that the amended Section 45(1) of the PMLA, post its declaration as unconstitutional, was cured by the Legislature through an amendment in the Finance Act, 2018, making it presumed constitutional. Additionally, the court held that the Enforcement Directorate acting as both the complainant and the Investigating Officer did not automatically lead to bias or unfairness, following the Supreme Court's precedent in Mukesh Singh vs. State (NCT) of Delhi. Case-Laws Money Laundering Fri, 30 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410416