https://www.taxtmi.com/caselaws?id=305222 The bail application under the Prevention of Money Laundering Act, 2002 was rejected by the Designated Court for PMLA in Mumbai due to the seriousness of the allegations, including money laundering and manipulation of accounts. The court emphasized the twin conditions under Section 45(1) of PMLA and allowed the possibility of separating the applicant's trial from other accused to expedite the process. The court instructed the trial court to decide the trial expeditiously within nine months if separated and requested progress reports every two months. en-us Wed, 23 Feb 2022 00:00:00 +0530 Tue, 22 Nov 2022 22:48:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305222 The bail application under the Prevention of Money Laundering Act, 2002 was rejected by the Designated Court for PMLA in Mumbai due to the seriousness of the allegations, including money laundering and manipulation of accounts. The court emphasized the twin conditions under Section 45(1) of PMLA and allowed the possibility of separating the applicant's trial from other accused to expedite the process. The court instructed the trial court to decide the trial expeditiously within nine months if separated and requested progress reports every two months. Case-Laws Money Laundering Wed, 23 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305222