https://www.taxtmi.com/caselaws?id=431337 Section 45 of the Prevention of Money Laundering Act, 2002 was applied to a bail request where the alleged money-laundering case depended on whether any scheduled offence was prima facie made out. The Court found that Section 72 of the Information Technology Act, 2000 did not apply on the stated facts, and that the ingredients of Sections 120B, 409 and 420 IPC and Section 13(1)(d) read with Section 13(2) of the Prevention of Corruption Act, 1988 were not prima facie established. As no scheduled offence was shown at the bail stage, the foundation for proceeds of crime and Section 3 PMLA was not established, and bail was granted on broad probabilities. en-us Thu, 08 Dec 2022 00:00:00 +0530 Sat, 10 Dec 2022 11:15:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431337 Section 45 of the Prevention of Money Laundering Act, 2002 was applied to a bail request where the alleged money-laundering case depended on whether any scheduled offence was prima facie made out. The Court found that Section 72 of the Information Technology Act, 2000 did not apply on the stated facts, and that the ingredients of Sections 120B, 409 and 420 IPC and Section 13(1)(d) read with Section 13(2) of the Prevention of Corruption Act, 1988 were not prima facie established. As no scheduled offence was shown at the bail stage, the foundation for proceeds of crime and Section 3 PMLA was not established, and bail was granted on broad probabilities. Case-Laws Money Laundering Thu, 08 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431337