https://www.taxtmi.com/caselaws?id=306989 In a prosecution for money-laundering under the Prevention of Money-Laundering Act, 2002, bail was considered against the special statutory restriction and the general principles under Section 439 CrPC. The Court noted allegations of a large-scale GDR-linked fraud, ongoing investigation, untraced documents, and a real apprehension of interference with the investigation and intimidation of witnesses. It treated the gravity of the allegations and the substantial proceeds of crime as significant factors, and found that the statutory conditions for bail were not met on the material before it. Bail was therefore refused and the accused remained in custody pending completion of investigation. en-us Wed, 07 Dec 2022 00:00:00 +0530 Fri, 10 Mar 2023 20:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306989 In a prosecution for money-laundering under the Prevention of Money-Laundering Act, 2002, bail was considered against the special statutory restriction and the general principles under Section 439 CrPC. The Court noted allegations of a large-scale GDR-linked fraud, ongoing investigation, untraced documents, and a real apprehension of interference with the investigation and intimidation of witnesses. It treated the gravity of the allegations and the substantial proceeds of crime as significant factors, and found that the statutory conditions for bail were not met on the material before it. Bail was therefore refused and the accused remained in custody pending completion of investigation. Case-Laws Money Laundering Wed, 07 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306989