https://www.taxtmi.com/caselaws?id=449938 Anticipatory bail under section 438 CrPC is not readily available in a PMLA prosecution because section 45 imposes a stringent bail regime requiring hearing of the Public Prosecutor and satisfaction that there are reasonable grounds to believe the accused is not guilty and will not commit any offence on bail. The Court treated money-laundering and other economic offences as serious matters where pre-arrest bail is an extraordinary remedy to be granted sparingly. On the facts, material linked the applicant to the alleged fake Remdesivir sale and showed a money trail indicating proceeds of crime, so the application was dismissed. en-us Mon, 19 Feb 2024 00:00:00 +0530 Fri, 23 Feb 2024 06:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449938 Anticipatory bail under section 438 CrPC is not readily available in a PMLA prosecution because section 45 imposes a stringent bail regime requiring hearing of the Public Prosecutor and satisfaction that there are reasonable grounds to believe the accused is not guilty and will not commit any offence on bail. The Court treated money-laundering and other economic offences as serious matters where pre-arrest bail is an extraordinary remedy to be granted sparingly. On the facts, material linked the applicant to the alleged fake Remdesivir sale and showed a money trail indicating proceeds of crime, so the application was dismissed. Case-Laws Money Laundering Mon, 19 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449938