https://www.taxtmi.com/caselaws?id=433883 Bail under the Prevention of Money-Laundering Act, 2002 was held maintainable because no prima facie scheduled offence was established. The alleged offence under the Information Technology Act, 2000 was found not made out, as the relevant conduct was not in exercise of statutory powers. The alleged conspiracy and cheating under the Indian Penal Code, 1860 failed for want of criminal intent and dishonest inducement, and the corruption allegations were unsustainable because the applicant was not a public servant and no corrupt gain was shown. In the absence of a prima facie predicate offence, no proceeds of crime could be attributed and the rigours of Section 45 were treated as satisfied for bail. en-us Thu, 09 Feb 2023 00:00:00 +0530 Sat, 11 Feb 2023 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433883 Bail under the Prevention of Money-Laundering Act, 2002 was held maintainable because no prima facie scheduled offence was established. The alleged offence under the Information Technology Act, 2000 was found not made out, as the relevant conduct was not in exercise of statutory powers. The alleged conspiracy and cheating under the Indian Penal Code, 1860 failed for want of criminal intent and dishonest inducement, and the corruption allegations were unsustainable because the applicant was not a public servant and no corrupt gain was shown. In the absence of a prima facie predicate offence, no proceeds of crime could be attributed and the rigours of Section 45 were treated as satisfied for bail. Case-Laws Money Laundering Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433883