https://www.taxtmi.com/caselaws?id=429678 Anticipatory bail was declined in a PMLA prosecution where the material showed a prima facie role in concealment, possession, acquisition, use and projection of properties alleged to be derived from proceeds of crime. The Court considered the alleged non-deposit of rice, the claimed generation of proceeds of crime, provisional attachment of properties and the absence of satisfactory material showing a lawful source for the assets under scrutiny. On that basis, it found sufficient indication of involvement in money laundering linked to the scheduled offence and denied pre-arrest protection. 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 Anticipatory bail was declined in a PMLA prosecution where the material showed a prima facie role in concealment, possession, acquisition, use and projection of properties alleged to be derived from proceeds of crime. The Court considered the alleged non-deposit of rice, the claimed generation of proceeds of crime, provisional attachment of properties and the absence of satisfactory material showing a lawful source for the assets under scrutiny. On that basis, it found sufficient indication of involvement in money laundering linked to the scheduled offence and denied pre-arrest protection. Case-Laws Money Laundering Tue, 16 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429678