https://www.taxtmi.com/caselaws?id=433527 Prima facie material linking the accused to entities and transactions suggestive of round-tripping was sufficient to defeat bail under the Prevention of Money Laundering Act, 2002. The Court applied the statutory twin conditions in Section 45(1) and held that, where reasonable grounds could not be formed to believe the accused was not guilty, bail could not be granted. The petitioner's denial of knowledge and mens rea did not outweigh the surrounding material indicating active association, nor the risk of interference with the investigation and tampering with evidence. Bail was therefore declined. en-us Thu, 01 Dec 2022 00:00:00 +0530 Thu, 02 Feb 2023 08:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433527 Prima facie material linking the accused to entities and transactions suggestive of round-tripping was sufficient to defeat bail under the Prevention of Money Laundering Act, 2002. The Court applied the statutory twin conditions in Section 45(1) and held that, where reasonable grounds could not be formed to believe the accused was not guilty, bail could not be granted. The petitioner's denial of knowledge and mens rea did not outweigh the surrounding material indicating active association, nor the risk of interference with the investigation and tampering with evidence. Bail was therefore declined. Case-Laws Money Laundering Thu, 01 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433527