https://www.taxtmi.com/caselaws?id=445725 In a PMLA bail matter, the High Court applied the stringent twin conditions under Section 45 and noted the statutory presumptions under Sections 23 and 24. Relying on the complaint in the scheduled offence and the material collected in the PMLA enquiry, including Section 50 statements, the Court found a prima facie role of the applicants in the alleged laundering activity. It was not satisfied that there were reasonable grounds to believe the applicants were not guilty or that they were unlikely to commit an offence while on bail, and the bail applications were rejected. en-us Fri, 06 Oct 2023 00:00:00 +0530 Fri, 17 Nov 2023 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445725 In a PMLA bail matter, the High Court applied the stringent twin conditions under Section 45 and noted the statutory presumptions under Sections 23 and 24. Relying on the complaint in the scheduled offence and the material collected in the PMLA enquiry, including Section 50 statements, the Court found a prima facie role of the applicants in the alleged laundering activity. It was not satisfied that there were reasonable grounds to believe the applicants were not guilty or that they were unlikely to commit an offence while on bail, and the bail applications were rejected. Case-Laws Money Laundering Fri, 06 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445725