https://www.taxtmi.com/caselaws?id=423205 After the 2018 amendment, the twin conditions in Section 45 of the Prevention of Money Laundering Act, 2002 continue to govern bail applications under the Act, and they operate in addition to the general principles under Section 439 CrPC. A court may grant bail only if it finds reasonable grounds for believing that the accused is not guilty and is not likely to commit an offence while on bail. Section 50 statements may be considered at the bail stage. On the materials noted, including the petitioner's admitted role, receipt of investor funds, commission earnings and prima facie participation in layering proceeds of crime, the conditions were not satisfied and bail was refused. en-us Fri, 27 May 2022 00:00:00 +0530 Thu, 02 Jun 2022 08:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423205 After the 2018 amendment, the twin conditions in Section 45 of the Prevention of Money Laundering Act, 2002 continue to govern bail applications under the Act, and they operate in addition to the general principles under Section 439 CrPC. A court may grant bail only if it finds reasonable grounds for believing that the accused is not guilty and is not likely to commit an offence while on bail. Section 50 statements may be considered at the bail stage. On the materials noted, including the petitioner's admitted role, receipt of investor funds, commission earnings and prima facie participation in layering proceeds of crime, the conditions were not satisfied and bail was refused. Case-Laws Money Laundering Fri, 27 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423205