https://www.taxtmi.com/caselaws?id=306988 Anticipatory bail under the Prevention of Money Laundering Act, 2002 is an extraordinary remedy and must satisfy the statute's stringent restrictions. The HC treated money laundering as an economic offence affecting the financial fabric of society and examined the complaint material, investigation record, alleged proceeds of crime, and the requirements of Section 45. Finding a prima facie case and no basis to dilute the statutory rigour or accept false implication, it held that the accused-applicants were not entitled to anticipatory protection and rejected the applications. en-us Wed, 09 Nov 2022 00:00:00 +0530 Fri, 10 Mar 2023 20:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306988 Anticipatory bail under the Prevention of Money Laundering Act, 2002 is an extraordinary remedy and must satisfy the statute's stringent restrictions. The HC treated money laundering as an economic offence affecting the financial fabric of society and examined the complaint material, investigation record, alleged proceeds of crime, and the requirements of Section 45. Finding a prima facie case and no basis to dilute the statutory rigour or accept false implication, it held that the accused-applicants were not entitled to anticipatory protection and rejected the applications. Case-Laws Money Laundering Wed, 09 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306988