https://www.taxtmi.com/caselaws?id=419949 In a prosecution under the Prevention of Money Laundering Act, 2002, anticipatory bail was refused because the amended Section 45 twin conditions continued to apply and the applicants did not fall within the proviso. The Court relied on investigation material, including a Section 50 statement, to find prima facie involvement in routing tainted funds through benami accounts and shell companies before investment in the applicants' company. It treated the wider proceeds of crime, not merely the alleged commission figure, as relevant and noted the substantial investment linked to the offence. en-us Fri, 18 Feb 2022 00:00:00 +0530 Thu, 24 Mar 2022 09:20:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419949 In a prosecution under the Prevention of Money Laundering Act, 2002, anticipatory bail was refused because the amended Section 45 twin conditions continued to apply and the applicants did not fall within the proviso. The Court relied on investigation material, including a Section 50 statement, to find prima facie involvement in routing tainted funds through benami accounts and shell companies before investment in the applicants' company. It treated the wider proceeds of crime, not merely the alleged commission figure, as relevant and noted the substantial investment linked to the offence. Case-Laws Money Laundering Fri, 18 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419949