https://www.taxtmi.com/caselaws?id=438350 Bail under the Prevention of Money Laundering Act, 2002 remains subject to the twin conditions in Section 45: the prosecution must be given an opportunity to oppose, and the court must be satisfied that there are reasonable grounds to believe the accused is not guilty and is unlikely to offend while on bail. The court assessed the available material on broad probabilities, including the petitioner's cooperation with investigation, the absence of a charge sheet in the predicate offence, the lack of clearly established incriminating material or money trail linking the petitioner, and the period already spent in custody. On those facts, the statutory conditions for continued detention were not made out and bail was granted. en-us Fri, 12 May 2023 00:00:00 +0530 Mon, 29 May 2023 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438350 Bail under the Prevention of Money Laundering Act, 2002 remains subject to the twin conditions in Section 45: the prosecution must be given an opportunity to oppose, and the court must be satisfied that there are reasonable grounds to believe the accused is not guilty and is unlikely to offend while on bail. The court assessed the available material on broad probabilities, including the petitioner's cooperation with investigation, the absence of a charge sheet in the predicate offence, the lack of clearly established incriminating material or money trail linking the petitioner, and the period already spent in custody. On those facts, the statutory conditions for continued detention were not made out and bail was granted. Case-Laws Money Laundering Fri, 12 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438350