https://www.taxtmi.com/caselaws?id=438493 The court granted regular bail to the petitioner, emphasizing his cooperation with the investigation and lack of involvement in the alleged money laundering activities. The court found that the petitioner did not have control over Phoenix FZC or the requisite mens rea for the offense under the PMLA. Additionally, the principle of parity was considered, with the petitioner's role being deemed less significant compared to another accused who had been granted bail. The petitioner was granted bail with stringent conditions, based on the court's belief in his innocence and compliance with further investigation. en-us Tue, 30 May 2023 00:00:00 +0530 Thu, 01 Jun 2023 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438493 The court granted regular bail to the petitioner, emphasizing his cooperation with the investigation and lack of involvement in the alleged money laundering activities. The court found that the petitioner did not have control over Phoenix FZC or the requisite mens rea for the offense under the PMLA. Additionally, the principle of parity was considered, with the petitioner's role being deemed less significant compared to another accused who had been granted bail. The petitioner was granted bail with stringent conditions, based on the court's belief in his innocence and compliance with further investigation. Case-Laws Money Laundering Tue, 30 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438493