https://www.taxtmi.com/caselaws?id=310617 In a money-laundering case arising from alleged banking fraud and diversion of funds, the Court declined bail under Section 439 CrPC after noting prima facie material linking the petitioner to laundering activity. The investigation referred to documentary and digital evidence, as well as statements recorded under the Prevention of Money Laundering Act, 2002, showing transfer and acquisition of properties said to represent proceeds of crime. Given the magnitude of the alleged offence and the material collected during investigation, the Court found no ground to enlarge the petitioner on bail and dismissed the bail petition. en-us Fri, 30 Sep 2022 00:00:00 +0530 Thu, 02 Nov 2023 19:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310617 In a money-laundering case arising from alleged banking fraud and diversion of funds, the Court declined bail under Section 439 CrPC after noting prima facie material linking the petitioner to laundering activity. The investigation referred to documentary and digital evidence, as well as statements recorded under the Prevention of Money Laundering Act, 2002, showing transfer and acquisition of properties said to represent proceeds of crime. Given the magnitude of the alleged offence and the material collected during investigation, the Court found no ground to enlarge the petitioner on bail and dismissed the bail petition. Case-Laws Money Laundering Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310617