https://www.taxtmi.com/caselaws?id=307988 Allegations of large-scale investment fraud, laundering of public funds and attachment of traced assets led the Court to apply a stricter approach to bail under the Prevention of Money Laundering Act. Emphasising the scale of the alleged scam, the number of affected investors, the quantum of funds involved and material indicating acquisition and movement of assets from proceeds of crime, the Court treated the matter as an economic offence requiring heightened scrutiny. On that basis, the applicant was found not fit for enlargement on bail and bail was declined. en-us Tue, 15 Nov 2022 00:00:00 +0530 Fri, 19 May 2023 21:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307988 Allegations of large-scale investment fraud, laundering of public funds and attachment of traced assets led the Court to apply a stricter approach to bail under the Prevention of Money Laundering Act. Emphasising the scale of the alleged scam, the number of affected investors, the quantum of funds involved and material indicating acquisition and movement of assets from proceeds of crime, the Court treated the matter as an economic offence requiring heightened scrutiny. On that basis, the applicant was found not fit for enlargement on bail and bail was declined. Case-Laws Money Laundering Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307988