https://www.taxtmi.com/caselaws?id=423255 The court held that the twin conditions of Section 45 of PMLA, 2002, were revived after the amendment and were applicable in considering the bail application. Emphasizing the seriousness of economic offenses, the court concluded there were reasonable grounds to believe the applicant was guilty of money laundering and likely to commit further offenses if granted bail. Thus, the bail application was refused based on the applicant's involvement in extorting levy for terrorist activities and using the proceeds for criminal purposes. en-us Thu, 28 Apr 2022 00:00:00 +0530 Thu, 02 Jun 2022 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423255 The court held that the twin conditions of Section 45 of PMLA, 2002, were revived after the amendment and were applicable in considering the bail application. Emphasizing the seriousness of economic offenses, the court concluded there were reasonable grounds to believe the applicant was guilty of money laundering and likely to commit further offenses if granted bail. Thus, the bail application was refused based on the applicant's involvement in extorting levy for terrorist activities and using the proceeds for criminal purposes. Case-Laws Indian Laws Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423255