https://www.taxtmi.com/caselaws?id=308810 The arrest under the Prevention of Money-Laundering Act was found not compliant with section 19(1) because the authorised officer's recorded satisfaction had to be founded on material showing a reasoned belief of guilt, not a bare assertion, and that deficiency weighed in favour of the petitioner. On bail under section 45, the Court applied the twin conditions and considered the available material, the nature of the accusation, and the risk of absconding or tampering; noting that the CBI had closed its investigation without naming the petitioner as an accused, it held that bail was justified. The petitioner was therefore released on bail subject to conditions. en-us Mon, 08 Aug 2022 00:00:00 +0530 Mon, 24 Jul 2023 21:19:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308810 The arrest under the Prevention of Money-Laundering Act was found not compliant with section 19(1) because the authorised officer's recorded satisfaction had to be founded on material showing a reasoned belief of guilt, not a bare assertion, and that deficiency weighed in favour of the petitioner. On bail under section 45, the Court applied the twin conditions and considered the available material, the nature of the accusation, and the risk of absconding or tampering; noting that the CBI had closed its investigation without naming the petitioner as an accused, it held that bail was justified. The petitioner was therefore released on bail subject to conditions. Case-Laws Money Laundering Mon, 08 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308810