https://www.taxtmi.com/caselaws?id=430329 Regular bail under the Prevention of Money Laundering Act was declined because the allegations showed a prima facie link to proceeds of crime through cash deposits, routed funds, insurance policies and investment in assets and business interests. The Court treated bail under section 45 as subject to the mandatory twin conditions and noted that economic offences involving deep-rooted conspiracy and public loss require serious scrutiny. It also found that the risk of tampering with evidence could not be ruled out. The petitioner's departmental exoneration was noticed, but it did not alter the bail outcome. en-us Thu, 03 Nov 2022 00:00:00 +0530 Thu, 17 Nov 2022 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430329 Regular bail under the Prevention of Money Laundering Act was declined because the allegations showed a prima facie link to proceeds of crime through cash deposits, routed funds, insurance policies and investment in assets and business interests. The Court treated bail under section 45 as subject to the mandatory twin conditions and noted that economic offences involving deep-rooted conspiracy and public loss require serious scrutiny. It also found that the risk of tampering with evidence could not be ruled out. The petitioner's departmental exoneration was noticed, but it did not alter the bail outcome. Case-Laws Money Laundering Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430329