https://www.taxtmi.com/caselaws?id=429678 The court rejected the petitioner's plea for anticipatory bail in connection with a special trial under the Prevention of Money Laundering Act (PMLA). The judgment upheld provisional attachment orders, emphasizing the need to demonstrate legitimate sources of acquired assets to avoid implications of money laundering. The decision was based on evidence presented by both parties, including allegations of misappropriation and cheating, non-cooperation during the investigation, and acquisition of properties allegedly with proceeds of crime. The court found the petitioner and other accused involved in concealing, possessing, and using properties acquired from proceeds of crime, leading to the denial of anticipatory bail. en-us Tue, 16 Aug 2022 00:00:00 +0530 Thu, 03 Nov 2022 09:04:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429678 The court rejected the petitioner's plea for anticipatory bail in connection with a special trial under the Prevention of Money Laundering Act (PMLA). The judgment upheld provisional attachment orders, emphasizing the need to demonstrate legitimate sources of acquired assets to avoid implications of money laundering. The decision was based on evidence presented by both parties, including allegations of misappropriation and cheating, non-cooperation during the investigation, and acquisition of properties allegedly with proceeds of crime. The court found the petitioner and other accused involved in concealing, possessing, and using properties acquired from proceeds of crime, leading to the denial of anticipatory bail. Case-Laws Money Laundering Tue, 16 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429678