https://www.taxtmi.com/caselaws?id=310664 Money laundering under Section 3 of the Prevention of Money Laundering Act, 2002 covers direct or indirect involvement in concealment, possession, acquisition, use, or projection of proceeds of crime as untainted property. At the bail stage, the court assesses material on broad probabilities and does not conduct a mini-trial, while applying the limitations under Section 45 of the PMLA and Section 439 of the Code of Criminal Procedure, 1973. On the stated facts, prima facie material linked the petitioner to the policy arrangement, corporate guarantees, distributor appointment, and alleged cartelisation, so the twin conditions were not satisfied and bail was declined. en-us Mon, 03 Jul 2023 00:00:00 +0530 Sat, 04 Nov 2023 22:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310664 Money laundering under Section 3 of the Prevention of Money Laundering Act, 2002 covers direct or indirect involvement in concealment, possession, acquisition, use, or projection of proceeds of crime as untainted property. At the bail stage, the court assesses material on broad probabilities and does not conduct a mini-trial, while applying the limitations under Section 45 of the PMLA and Section 439 of the Code of Criminal Procedure, 1973. On the stated facts, prima facie material linked the petitioner to the policy arrangement, corporate guarantees, distributor appointment, and alleged cartelisation, so the twin conditions were not satisfied and bail was declined. Case-Laws Money Laundering Mon, 03 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310664