https://www.taxtmi.com/caselaws?id=305222 Section 45 of the Prevention of Money-laundering Act, 2002 barred bail where the material showed active involvement in laundering proceeds of crime and the twin conditions were not met. The complaint and witness statements indicated that alleged illegal gains from an MMRDA contract constituted proceeds of crime, and that the applicant had manipulated profitability sheets, enabled under-deployment billing, and assisted the sharing and use of those proceeds. On that material, the Court treated the case as falling within Section 3 and Section 2(1)(u), and held that reasonable grounds could not be recorded for believing the applicant was not guilty. Bail was therefore refused. 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 Section 45 of the Prevention of Money-laundering Act, 2002 barred bail where the material showed active involvement in laundering proceeds of crime and the twin conditions were not met. The complaint and witness statements indicated that alleged illegal gains from an MMRDA contract constituted proceeds of crime, and that the applicant had manipulated profitability sheets, enabled under-deployment billing, and assisted the sharing and use of those proceeds. On that material, the Court treated the case as falling within Section 3 and Section 2(1)(u), and held that reasonable grounds could not be recorded for believing the applicant was not guilty. Bail was therefore refused. Case-Laws Money Laundering Wed, 23 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305222