https://www.taxtmi.com/caselaws?id=424372 The court rejected the bail application under the Prevention of Money Laundering Act, 2002, citing the seriousness of economic offenses like money laundering and the applicant's alleged involvement in financial transactions of a trust. Despite arguments regarding the applicant's health and role within the trust, the court emphasized the impact of such offenses on the national economy and community. The court considered the constitutionality of Section 45 of the Act, noting its revival post-amendment and the application of its conditions in bail applications. Ultimately, the court found reasonable grounds to believe the applicant could commit the offense if released on bail, leading to the rejection of the bail plea. en-us Thu, 16 Jun 2022 00:00:00 +0530 Wed, 29 Jun 2022 09:34:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424372 The court rejected the bail application under the Prevention of Money Laundering Act, 2002, citing the seriousness of economic offenses like money laundering and the applicant's alleged involvement in financial transactions of a trust. Despite arguments regarding the applicant's health and role within the trust, the court emphasized the impact of such offenses on the national economy and community. The court considered the constitutionality of Section 45 of the Act, noting its revival post-amendment and the application of its conditions in bail applications. Ultimately, the court found reasonable grounds to believe the applicant could commit the offense if released on bail, leading to the rejection of the bail plea. Case-Laws Money Laundering Thu, 16 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424372