https://www.taxtmi.com/caselaws?id=413437 Anticipatory bail under the Code of Criminal Procedure was refused in a money-laundering investigation under the Prevention of Money Laundering Act, 2002 because the allegations involved a serious economic offence, substantial proceeds of crime, and a suspected conspiracy through shell entities and dubious transactions. The investigation was still ongoing, voluminous records remained to be examined, and effective interrogation was considered necessary to trace the proceeds of crime and complete the inquiry. Granting pre-arrest bail at that stage was held likely to hinder the investigation and frustrate the statutory object of the Act. en-us Fri, 08 Oct 2021 00:00:00 +0530 Tue, 12 Oct 2021 09:28:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413437 Anticipatory bail under the Code of Criminal Procedure was refused in a money-laundering investigation under the Prevention of Money Laundering Act, 2002 because the allegations involved a serious economic offence, substantial proceeds of crime, and a suspected conspiracy through shell entities and dubious transactions. The investigation was still ongoing, voluminous records remained to be examined, and effective interrogation was considered necessary to trace the proceeds of crime and complete the inquiry. Granting pre-arrest bail at that stage was held likely to hinder the investigation and frustrate the statutory object of the Act. Case-Laws Money Laundering Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413437