https://www.taxtmi.com/caselaws?id=447486 Arrest under the Prevention of Money Laundering Act depends on the authorised officer having recorded material giving reason to believe that the person is guilty of an offence under the Act, and bail under Section 45 requires the Public Prosecutor to be heard and the Court to find reasonable grounds that the accused is not guilty and is not likely to reoffend. The Court considered the petitioner's cooperation with investigation, repeated examination, absence of incriminating material from the residence, no funds traced to the petitioner's account, and the absence of a charge sheet in the predicate offence despite prolonged investigation. On those facts, continued incarceration was held unjustified and bail was granted. en-us Fri, 12 May 2023 00:00:00 +0530 Wed, 27 Dec 2023 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447486 Arrest under the Prevention of Money Laundering Act depends on the authorised officer having recorded material giving reason to believe that the person is guilty of an offence under the Act, and bail under Section 45 requires the Public Prosecutor to be heard and the Court to find reasonable grounds that the accused is not guilty and is not likely to reoffend. The Court considered the petitioner's cooperation with investigation, repeated examination, absence of incriminating material from the residence, no funds traced to the petitioner's account, and the absence of a charge sheet in the predicate offence despite prolonged investigation. On those facts, continued incarceration was held unjustified and bail was granted. Case-Laws Money Laundering Fri, 12 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447486