https://www.taxtmi.com/caselaws?id=306871 Bail under Section 45 of the Prevention of Money Laundering Act was granted because the material did not show the applicant dealing with proceeds of crime at the alleged scale. The complaint alleged a larger conspiracy and a total proceeds figure above the statutory threshold, but the record against the applicant showed only an asserted transfer of Rs. 5,000 in a co-accused's account and no other transaction in the applicant's account. The Court treated the limited material, the threshold contention on the twin conditions, custody in the predicate case, and the absence of any likelihood of further offending as supporting entitlement to bail. en-us Fri, 23 Dec 2022 00:00:00 +0530 Thu, 02 Mar 2023 21:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306871 Bail under Section 45 of the Prevention of Money Laundering Act was granted because the material did not show the applicant dealing with proceeds of crime at the alleged scale. The complaint alleged a larger conspiracy and a total proceeds figure above the statutory threshold, but the record against the applicant showed only an asserted transfer of Rs. 5,000 in a co-accused's account and no other transaction in the applicant's account. The Court treated the limited material, the threshold contention on the twin conditions, custody in the predicate case, and the absence of any likelihood of further offending as supporting entitlement to bail. Case-Laws Money Laundering Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306871