https://www.taxtmi.com/caselaws?id=445859 In a prosecution under the Prevention of Money Laundering Act, 2002, regular bail under Section 439 of the Code of Criminal Procedure was considered subject to the stringent twin conditions in Section 45: the accused must show reasonable grounds for believing he is not guilty and is not likely to commit any offence while on bail. On the material before the Court, including investigative statements and documentary records, a prima facie case of involvement in laundering activity was found, and the explanation that cash deposits reflected lawful business receipts was rejected. The plea based on prolonged incarceration was also not accepted, and bail was declined for failure to satisfy the statutory rigour. en-us Thu, 02 Nov 2023 00:00:00 +0530 Mon, 20 Nov 2023 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445859 In a prosecution under the Prevention of Money Laundering Act, 2002, regular bail under Section 439 of the Code of Criminal Procedure was considered subject to the stringent twin conditions in Section 45: the accused must show reasonable grounds for believing he is not guilty and is not likely to commit any offence while on bail. On the material before the Court, including investigative statements and documentary records, a prima facie case of involvement in laundering activity was found, and the explanation that cash deposits reflected lawful business receipts was rejected. The plea based on prolonged incarceration was also not accepted, and bail was declined for failure to satisfy the statutory rigour. Case-Laws Money Laundering Thu, 02 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445859