https://www.taxtmi.com/caselaws?id=423744 Amended Section 45 of the Prevention of Money Laundering Act permits bail only when the Public Prosecutor is heard and the court is satisfied that there are reasonable grounds to believe the accused is not guilty and is not likely to commit an offence while on bail. On the material collected in investigation, including audit findings and witness statements, the court found prima facie links to alleged laundering activity and held that those twin conditions were not met. Bail was therefore refused, and the earlier constitutional challenge did not displace the statutory restrictions on release. en-us Tue, 19 Apr 2022 00:00:00 +0530 Tue, 14 Jun 2022 08:29:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423744 Amended Section 45 of the Prevention of Money Laundering Act permits bail only when the Public Prosecutor is heard and the court is satisfied that there are reasonable grounds to believe the accused is not guilty and is not likely to commit an offence while on bail. On the material collected in investigation, including audit findings and witness statements, the court found prima facie links to alleged laundering activity and held that those twin conditions were not met. Bail was therefore refused, and the earlier constitutional challenge did not displace the statutory restrictions on release. Case-Laws Money Laundering Tue, 19 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423744