https://www.taxtmi.com/caselaws?id=425270 In a PMLA prosecution involving alleged large-scale misappropriation and laundering of depositor funds, the HC found that the gravity of the allegations, prima facie material showing acquisition and transfer of assets through family members and associates, limited attachment of properties, and the ongoing investigation weighed against regular bail. The Court also noted the statutory burden under Section 24 of the PMLA and the risk of absconding or tampering with evidence. The plea based on Section 167(2) CrPC was not accepted at that stage, and bail was refused. en-us Fri, 24 Jun 2022 00:00:00 +0530 Wed, 20 Jul 2022 09:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425270 In a PMLA prosecution involving alleged large-scale misappropriation and laundering of depositor funds, the HC found that the gravity of the allegations, prima facie material showing acquisition and transfer of assets through family members and associates, limited attachment of properties, and the ongoing investigation weighed against regular bail. The Court also noted the statutory burden under Section 24 of the PMLA and the risk of absconding or tampering with evidence. The plea based on Section 167(2) CrPC was not accepted at that stage, and bail was refused. Case-Laws Money Laundering Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425270