https://www.taxtmi.com/caselaws?id=444996 HC dismissed bail application in Teachers Recruitment Scam money laundering case. Court initially questioned Enforcement Directorate's policy regarding Section 19 PMLA powers, finding no cogent reasons for their exercise. However, ED argued scam involves wide magnitude with recently surfaced materials showing petitioner's glaring involvement in money trail. Court noted Division Bench's tentative investigation timeline and ED's request to examine additional witnesses regarding donations to school account. Given scam's ramifications, investigating agency granted opportunity to exhaust investigation powers. Bail denied. en-us Wed, 18 Oct 2023 00:00:00 +0530 Sat, 28 Oct 2023 08:33:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444996 HC dismissed bail application in Teachers Recruitment Scam money laundering case. Court initially questioned Enforcement Directorate's policy regarding Section 19 PMLA powers, finding no cogent reasons for their exercise. However, ED argued scam involves wide magnitude with recently surfaced materials showing petitioner's glaring involvement in money trail. Court noted Division Bench's tentative investigation timeline and ED's request to examine additional witnesses regarding donations to school account. Given scam's ramifications, investigating agency granted opportunity to exhaust investigation powers. Bail denied. Case-Laws Money Laundering Wed, 18 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444996