https://www.taxtmi.com/caselaws?id=433859 Bail under the money-laundering statute remains constrained by the statutory twin conditions, but retracted statements cannot safely sustain continued incarceration without independent reliable corroboration. The prosecution material here was largely indirect, the applicant was not named in the FIR or ECIR, and the principal incriminating statements were later retracted. Prolonged custody, continued investigation, and the fact that trial had not begun were treated as relevant factors at the bail stage. On that basis, the material was considered insufficient to establish prima facie guilt for the statutory bail test, and release on bail with conditions was warranted. en-us Wed, 08 Feb 2023 00:00:00 +0530 Fri, 10 Feb 2023 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433859 Bail under the money-laundering statute remains constrained by the statutory twin conditions, but retracted statements cannot safely sustain continued incarceration without independent reliable corroboration. The prosecution material here was largely indirect, the applicant was not named in the FIR or ECIR, and the principal incriminating statements were later retracted. Prolonged custody, continued investigation, and the fact that trial had not begun were treated as relevant factors at the bail stage. On that basis, the material was considered insufficient to establish prima facie guilt for the statutory bail test, and release on bail with conditions was warranted. Case-Laws Money Laundering Wed, 08 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433859