https://www.taxtmi.com/caselaws?id=435155 Bail was granted in a prosecution under the Prevention of Money Laundering Act, 2002, because the court found the material then on record insufficient to justify continued custody under the statutory bail restrictions. Although the complaint and arrest materials alleged collection of investor funds through a partnership firm, use of the amounts to acquire immovable properties, and involvement in the scheduled offence under Section 420 IPC, the court held that the record did not disclose adequate prima facie support to refuse bail at that stage. The absence of completed charge-sheet and other supporting material weighed against continued detention, and bail was allowed with conditions. en-us Tue, 21 Feb 2023 00:00:00 +0530 Tue, 14 Mar 2023 08:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435155 Bail was granted in a prosecution under the Prevention of Money Laundering Act, 2002, because the court found the material then on record insufficient to justify continued custody under the statutory bail restrictions. Although the complaint and arrest materials alleged collection of investor funds through a partnership firm, use of the amounts to acquire immovable properties, and involvement in the scheduled offence under Section 420 IPC, the court held that the record did not disclose adequate prima facie support to refuse bail at that stage. The absence of completed charge-sheet and other supporting material weighed against continued detention, and bail was allowed with conditions. Case-Laws Money Laundering Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435155