https://www.taxtmi.com/caselaws?id=435639 Anticipatory bail was refused in a prosecution alleging possession of assets disproportionate to known sources of income under the Prevention of Corruption Act, 1988. The Court noted that the material indicated acquisition of movable and immovable assets far in excess of the petitioner's known income, that the vigilance investigation was still ongoing, and that the assets had not been satisfactorily explained. Treating the matter as a serious economic offence involving alleged misuse of official position and corrupt conduct, the Court found no basis to exercise extraordinary bail discretion. The prayer for anticipatory bail was rejected. en-us Tue, 21 Mar 2023 00:00:00 +0530 Thu, 23 Mar 2023 22:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435639 Anticipatory bail was refused in a prosecution alleging possession of assets disproportionate to known sources of income under the Prevention of Corruption Act, 1988. The Court noted that the material indicated acquisition of movable and immovable assets far in excess of the petitioner's known income, that the vigilance investigation was still ongoing, and that the assets had not been satisfactorily explained. Treating the matter as a serious economic offence involving alleged misuse of official position and corrupt conduct, the Court found no basis to exercise extraordinary bail discretion. The prayer for anticipatory bail was rejected. Case-Laws Indian Laws Tue, 21 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435639