https://www.taxtmi.com/caselaws?id=423469 The court granted the petitioner regular bail under the Prevention of Money Laundering Act, 2002, in a case involving alleged VAT refund fraud. Despite opposition from the State citing the seriousness of the charges and the petitioner's past involvement in similar cases, the court considered factors such as the amount received by the petitioner, his age, and time spent in custody. The court noted that the petitioner was not a director of the company involved in the fraud and that a lesser amount than claimed was transferred to his account. The petitioner was ordered to be released on regular bail upon fulfilling the required bond conditions. en-us Tue, 31 May 2022 00:00:00 +0530 Wed, 08 Jun 2022 08:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423469 The court granted the petitioner regular bail under the Prevention of Money Laundering Act, 2002, in a case involving alleged VAT refund fraud. Despite opposition from the State citing the seriousness of the charges and the petitioner's past involvement in similar cases, the court considered factors such as the amount received by the petitioner, his age, and time spent in custody. The court noted that the petitioner was not a director of the company involved in the fraud and that a lesser amount than claimed was transferred to his account. The petitioner was ordered to be released on regular bail upon fulfilling the required bond conditions. Case-Laws Money Laundering Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423469