https://www.taxtmi.com/caselaws?id=435200 Bail in a prosecution under the Prevention of Money Laundering Act was refused because the material collected in investigation, including cash dealings, PMLA statements and bank entries, was treated as sufficient at the prima facie stage to link the petitioner to alleged proceeds of crime arising from illegal mining. The Court treated money laundering as an independent offence and relied on the statutory reverse burden under the Act. The explanation for the financial transactions was found unsatisfactory, and the matter was considered at a nascent stage, making release on bail inappropriate. en-us Tue, 10 Jan 2023 00:00:00 +0530 Tue, 14 Mar 2023 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435200 Bail in a prosecution under the Prevention of Money Laundering Act was refused because the material collected in investigation, including cash dealings, PMLA statements and bank entries, was treated as sufficient at the prima facie stage to link the petitioner to alleged proceeds of crime arising from illegal mining. The Court treated money laundering as an independent offence and relied on the statutory reverse burden under the Act. The explanation for the financial transactions was found unsatisfactory, and the matter was considered at a nascent stage, making release on bail inappropriate. Case-Laws Money Laundering Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435200