https://www.taxtmi.com/caselaws?id=428640 In bail proceedings under the PMLA, the HC found that the prosecution material did not establish, on a prima facie basis, a sufficient link between the alleged collections and the alleged proceeds of crime, because the key co-accused statement was inconsistent and other statements were diluted by contrary versions. Allegations of undue influence over police transfers and postings were also treated as largely hearsay and too uncertain to support denial of bail. Applying Section 45 and its first proviso, the court held that the restrictive twin conditions were satisfied on the available material, with the applicant's medical condition and age reinforcing the discretionary case for release. Bail was granted subject to conditions. en-us Tue, 04 Oct 2022 00:00:00 +0530 Fri, 07 Oct 2022 13:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428640 In bail proceedings under the PMLA, the HC found that the prosecution material did not establish, on a prima facie basis, a sufficient link between the alleged collections and the alleged proceeds of crime, because the key co-accused statement was inconsistent and other statements were diluted by contrary versions. Allegations of undue influence over police transfers and postings were also treated as largely hearsay and too uncertain to support denial of bail. Applying Section 45 and its first proviso, the court held that the restrictive twin conditions were satisfied on the available material, with the applicant's medical condition and age reinforcing the discretionary case for release. Bail was granted subject to conditions. Case-Laws Money Laundering Tue, 04 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428640