https://www.taxtmi.com/caselaws?id=419237 Regular bail under the Prevention of Money Laundering Act, 2002 was tested against Section 45(1) after the 2018 amendment, together with the general bail principles and the triple test. The Court treated the statutory threshold under Section 45(1) as applicable and held that, on a prima facie assessment, the seriousness of the alleged economic offence, the proceeds-of-crime allegations, and the material on record did not satisfy the conditions for release. Apprehensions of tampering and witness influence were found unfounded, but the applicant was still not shown to meet the statutory rigour. Bail was refused. en-us Wed, 02 Mar 2022 00:00:00 +0530 Sat, 05 Mar 2022 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419237 Regular bail under the Prevention of Money Laundering Act, 2002 was tested against Section 45(1) after the 2018 amendment, together with the general bail principles and the triple test. The Court treated the statutory threshold under Section 45(1) as applicable and held that, on a prima facie assessment, the seriousness of the alleged economic offence, the proceeds-of-crime allegations, and the material on record did not satisfy the conditions for release. Apprehensions of tampering and witness influence were found unfounded, but the applicant was still not shown to meet the statutory rigour. Bail was refused. Case-Laws Money Laundering Wed, 02 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419237