https://www.taxtmi.com/caselaws?id=310637 The Delhi HC held that bail under the Prevention of Money-Laundering Act, 2002 depends on satisfaction of the twin conditions in Section 45 in addition to general bail principles. On the material placed at the bail stage, including Section 50 statements, meeting records, the money trail, and the petitioner's alleged role in the South Group and recoupment of kickbacks, the Court found prima facie involvement in a process connected with proceeds of crime. Applying the settled approach for serious economic offences, the Court declined to conduct a mini trial and held that the petitioner had not satisfied the statutory conditions for bail. en-us Mon, 03 Jul 2023 00:00:00 +0530 Sat, 04 Nov 2023 09:17:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310637 The Delhi HC held that bail under the Prevention of Money-Laundering Act, 2002 depends on satisfaction of the twin conditions in Section 45 in addition to general bail principles. On the material placed at the bail stage, including Section 50 statements, meeting records, the money trail, and the petitioner's alleged role in the South Group and recoupment of kickbacks, the Court found prima facie involvement in a process connected with proceeds of crime. Applying the settled approach for serious economic offences, the Court declined to conduct a mini trial and held that the petitioner had not satisfied the statutory conditions for bail. Case-Laws Money Laundering Mon, 03 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310637