https://www.taxtmi.com/caselaws?id=420286 In prosecutions under the Prevention of Money Laundering Act, 2002, anticipatory bail is subject to the statutory twin conditions in Section 45, which require a prima facie basis to believe the applicant is not guilty and is unlikely to commit an offence while on bail. The Court treated money laundering as a serious economic offence with the Act's overriding effect and reiterated that Section 438 CrPC is an extraordinary remedy to be used sparingly. On the material before it, the applicant failed to satisfy the Section 45 requirements, so anticipatory bail was not available and the request was rejected. en-us Mon, 21 Mar 2022 00:00:00 +0530 Thu, 31 Mar 2022 08:22:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420286 In prosecutions under the Prevention of Money Laundering Act, 2002, anticipatory bail is subject to the statutory twin conditions in Section 45, which require a prima facie basis to believe the applicant is not guilty and is unlikely to commit an offence while on bail. The Court treated money laundering as a serious economic offence with the Act's overriding effect and reiterated that Section 438 CrPC is an extraordinary remedy to be used sparingly. On the material before it, the applicant failed to satisfy the Section 45 requirements, so anticipatory bail was not available and the request was rejected. Case-Laws Money Laundering Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420286