https://www.taxtmi.com/caselaws?id=299859 In money-laundering prosecutions, bail is available only if the court finds reasonable grounds to believe the is not guilty and is unlikely to commit any offence while on bail. Applying the statutory restrictions under the Prevention of Money-Laundering Act, the Court relied on statements under section 50, the alleged use of fictitious companies and forged import documents, the applicant's role as a controlling figure, his non-availability during investigation, and his status as a proclaimed offender. On that material, the Court found the section 45 conditions were not met and refused bail. en-us Fri, 29 Nov 2019 00:00:00 +0530 Sat, 01 Jan 2022 08:53:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299859 In money-laundering prosecutions, bail is available only if the court finds reasonable grounds to believe the is not guilty and is unlikely to commit any offence while on bail. Applying the statutory restrictions under the Prevention of Money-Laundering Act, the Court relied on statements under section 50, the alleged use of fictitious companies and forged import documents, the applicant's role as a controlling figure, his non-availability during investigation, and his status as a proclaimed offender. On that material, the Court found the section 45 conditions were not met and refused bail. Case-Laws Money Laundering Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299859