https://www.taxtmi.com/caselaws?id=302542 Amended Section 45 of the Prevention of Money Laundering Act, 2002 remained binding because the post-amendment text had neither been stayed nor struck down, so the twin bail conditions applied to the petitioners. On the facts, the Court found serious allegations of money-laundering, collection of public funds, substantial investor loss, and non-cooperation with investigators, which negatived any reasonable basis to believe the petitioners were not guilty or unlikely to reoffend while on bail. Bail was therefore refused. en-us Mon, 03 Jan 2022 00:00:00 +0530 Fri, 03 Jun 2022 13:01:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302542 Amended Section 45 of the Prevention of Money Laundering Act, 2002 remained binding because the post-amendment text had neither been stayed nor struck down, so the twin bail conditions applied to the petitioners. On the facts, the Court found serious allegations of money-laundering, collection of public funds, substantial investor loss, and non-cooperation with investigators, which negatived any reasonable basis to believe the petitioners were not guilty or unlikely to reoffend while on bail. Bail was therefore refused. Case-Laws Money Laundering Mon, 03 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302542