https://www.taxtmi.com/caselaws?id=304884 The court denied the petitioner's request for anticipatory bail in a money laundering case under the Prevention of Money Laundering Act. The court found substantial evidence indicating the petitioner's involvement in fraudulent activities, receiving Rs.1.81 crores through questionable transfers. Emphasizing the severity of economic offenses and the potential threat to national security, the court concluded that granting bail would not be suitable, highlighting the detrimental impact on the country's financial system. en-us Fri, 11 Mar 2022 00:00:00 +0530 Thu, 03 Nov 2022 09:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304884 The court denied the petitioner's request for anticipatory bail in a money laundering case under the Prevention of Money Laundering Act. The court found substantial evidence indicating the petitioner's involvement in fraudulent activities, receiving Rs.1.81 crores through questionable transfers. Emphasizing the severity of economic offenses and the potential threat to national security, the court concluded that granting bail would not be suitable, highlighting the detrimental impact on the country's financial system. Case-Laws Money Laundering Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304884