https://www.taxtmi.com/caselaws?id=440752 Regular bail under the Prevention of Money-Laundering Act was refused because the material on record, including statements and diary entries, prima facie showed handling, layering, concealment and transfer of proceeds of crime, as well as acquisition of properties through unaccounted cash. The applicant failed to satisfy the Section 45 twin conditions requiring reasonable grounds to believe that he was not guilty and that he was not likely to commit an offence while on bail. The pending or unsettled state of the predicate offence did not displace the prima facie evidence of money-laundering involvement for bail purposes. en-us Mon, 17 Jul 2023 00:00:00 +0530 Tue, 25 Jul 2023 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440752 Regular bail under the Prevention of Money-Laundering Act was refused because the material on record, including statements and diary entries, prima facie showed handling, layering, concealment and transfer of proceeds of crime, as well as acquisition of properties through unaccounted cash. The applicant failed to satisfy the Section 45 twin conditions requiring reasonable grounds to believe that he was not guilty and that he was not likely to commit an offence while on bail. The pending or unsettled state of the predicate offence did not displace the prima facie evidence of money-laundering involvement for bail purposes. Case-Laws Money Laundering Mon, 17 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440752