https://www.taxtmi.com/caselaws?id=447559 Anticipatory bail was considered in a PMLA prosecution where the alleged predicate value was below the statutory threshold for a Part B scheduled offence under Section 2(y)(ii). On the stated facts, the Court found that without a qualifying scheduled offence, the existence of proceeds of crime and the offence of money laundering under Section 3 could not be made out. The applicant's age, clean antecedents, bail in the scheduled offence, and similar relief to a co-accused also supported grant of relief. Anticipatory bail was therefore allowed. en-us Mon, 18 Dec 2023 00:00:00 +0530 Sat, 30 Dec 2023 08:29:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447559 Anticipatory bail was considered in a PMLA prosecution where the alleged predicate value was below the statutory threshold for a Part B scheduled offence under Section 2(y)(ii). On the stated facts, the Court found that without a qualifying scheduled offence, the existence of proceeds of crime and the offence of money laundering under Section 3 could not be made out. The applicant's age, clean antecedents, bail in the scheduled offence, and similar relief to a co-accused also supported grant of relief. Anticipatory bail was therefore allowed. Case-Laws Money Laundering Mon, 18 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447559