https://www.taxtmi.com/caselaws?id=419368 For bail under the Prevention of Money Laundering Act, 2002, the prosecution must prima facie establish the applicant's involvement in placement, layering, or integration of proceeds of crime before the twin conditions in Section 45 are attracted. The Court found the alleged money trail was not adequately proved by bank statements or corroborative material, and several amounts relied on by the prosecution pre-dated the alleged generation of proceeds of crime. It therefore held that the foundational facts linking the applicant to tainted funds were not shown at the threshold, and the statutory embargo under Section 45 did not apply. en-us Mon, 07 Mar 2022 00:00:00 +0530 Thu, 19 May 2022 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419368 For bail under the Prevention of Money Laundering Act, 2002, the prosecution must prima facie establish the applicant's involvement in placement, layering, or integration of proceeds of crime before the twin conditions in Section 45 are attracted. The Court found the alleged money trail was not adequately proved by bank statements or corroborative material, and several amounts relied on by the prosecution pre-dated the alleged generation of proceeds of crime. It therefore held that the foundational facts linking the applicant to tainted funds were not shown at the threshold, and the statutory embargo under Section 45 did not apply. Case-Laws Money Laundering Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419368