https://www.taxtmi.com/caselaws?id=435199 Material in the complaint alleging large-scale laundering of money and diversion of investors' funds, together with attribution of proceeds of crime to the petitioner, was treated as sufficient to defeat the claim for anticipatory bail under the Prevention of Money-laundering Act, 2002. The petitioner's plea that he was only a salaried director was rejected on the complaint material, and authorities cited for bail were distinguished on facts. In view of the restrictions under Section 45 and the evidentiary material against the petitioner, the threshold for anticipatory bail was not met and bail was refused. en-us Tue, 06 Dec 2022 00:00:00 +0530 Tue, 14 Mar 2023 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435199 Material in the complaint alleging large-scale laundering of money and diversion of investors' funds, together with attribution of proceeds of crime to the petitioner, was treated as sufficient to defeat the claim for anticipatory bail under the Prevention of Money-laundering Act, 2002. The petitioner's plea that he was only a salaried director was rejected on the complaint material, and authorities cited for bail were distinguished on facts. In view of the restrictions under Section 45 and the evidentiary material against the petitioner, the threshold for anticipatory bail was not met and bail was refused. Case-Laws Money Laundering Tue, 06 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435199