https://www.taxtmi.com/caselaws?id=423366 In bail applications under the Prevention of Money Laundering Act, 2002, Section 45 imposes twin statutory conditions that must be applied when release is opposed, and the provision is to be treated as valid unless set aside. On the facts described, prima facie material linked the accused to large-scale laundering, the proceeds of crime were not fully traced, key witnesses were employees of the financial establishment, and there was a real risk of absconding, influencing witnesses, or tampering with evidence. Bail was refused because the statutory conditions for release were not met and the factual matrix did not support enlargement on bail. en-us Thu, 05 May 2022 00:00:00 +0530 Mon, 06 Jun 2022 08:27:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423366 In bail applications under the Prevention of Money Laundering Act, 2002, Section 45 imposes twin statutory conditions that must be applied when release is opposed, and the provision is to be treated as valid unless set aside. On the facts described, prima facie material linked the accused to large-scale laundering, the proceeds of crime were not fully traced, key witnesses were employees of the financial establishment, and there was a real risk of absconding, influencing witnesses, or tampering with evidence. Bail was refused because the statutory conditions for release were not met and the factual matrix did not support enlargement on bail. Case-Laws Money Laundering Thu, 05 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423366