https://www.taxtmi.com/caselaws?id=308810 The court found that the arrest of the Petitioner under Section 19(1) of the Prevention of Money-Laundering Act, 2002 was not justified as there was insufficient material to establish guilt. It held that Section 41-A of Cr.P.C. does not apply to proceedings under the Act of 2002. The court also determined that there was no sufficient evidence to prove the Petitioner's guilt under Section 3 of the Act and granted bail under Section 45, emphasizing that bail in economic offenses should be granted sparingly. The Petitioner was granted bail with specific conditions to comply with. 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 court found that the arrest of the Petitioner under Section 19(1) of the Prevention of Money-Laundering Act, 2002 was not justified as there was insufficient material to establish guilt. It held that Section 41-A of Cr.P.C. does not apply to proceedings under the Act of 2002. The court also determined that there was no sufficient evidence to prove the Petitioner's guilt under Section 3 of the Act and granted bail under Section 45, emphasizing that bail in economic offenses should be granted sparingly. The Petitioner was granted bail with specific conditions to comply with. Case-Laws Money Laundering Mon, 08 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308810