https://www.taxtmi.com/caselaws?id=429869 In prosecutions under the Prevention of Money Laundering Act, bail depends on satisfaction of the twin conditions in Section 45 and rebuttal of the Section 24 presumption. On the stated facts, allegations of scheduled offences, large-scale diversion and layering of funds, and a prima facie case of money laundering meant the accused could not show reasonable grounds that he was not guilty or would not reoffend while on bail. The plea of ill-health was found insufficient given the seriousness of the alleged economic offence and the availability of treatment, so bail was refused. en-us Thu, 03 Nov 2022 00:00:00 +0530 Mon, 07 Nov 2022 09:11:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429869 In prosecutions under the Prevention of Money Laundering Act, bail depends on satisfaction of the twin conditions in Section 45 and rebuttal of the Section 24 presumption. On the stated facts, allegations of scheduled offences, large-scale diversion and layering of funds, and a prima facie case of money laundering meant the accused could not show reasonable grounds that he was not guilty or would not reoffend while on bail. The plea of ill-health was found insufficient given the seriousness of the alleged economic offence and the availability of treatment, so bail was refused. Case-Laws Money Laundering Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429869