https://www.taxtmi.com/caselaws?id=308657 Anticipatory bail under Section 438 CrPC was sought in a PMLA prosecution involving allegations of large-scale economic wrongdoing and laundering of proceeds of crime. The Court treated economic offences as a distinct class requiring a stricter approach than ordinary penal offences and, in view of the seriousness of the allegations and the statutory constraints under Section 45 of the Act, declined to grant pre-arrest protection. Cooperation during investigation and the fact that arrest had not been made during investigation were not accepted as sufficient grounds on the facts. The application was rejected. en-us Tue, 06 Dec 2022 00:00:00 +0530 Tue, 11 Jul 2023 21:16:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308657 Anticipatory bail under Section 438 CrPC was sought in a PMLA prosecution involving allegations of large-scale economic wrongdoing and laundering of proceeds of crime. The Court treated economic offences as a distinct class requiring a stricter approach than ordinary penal offences and, in view of the seriousness of the allegations and the statutory constraints under Section 45 of the Act, declined to grant pre-arrest protection. Cooperation during investigation and the fact that arrest had not been made during investigation were not accepted as sufficient grounds on the facts. The application was rejected. Case-Laws Money Laundering Tue, 06 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308657