https://www.taxtmi.com/caselaws?id=450352 Regular bail under the Prevention of Money Laundering Act, 2002 was examined against the statutory restrictions in Section 45. The material was said to show creation of fictitious bank accounts, use of forged documents, and routing of proceeds of crime through shell entities. The Court noted that money-laundering is treated as a continuing activity, that the special law has overriding effect, and that bail requires satisfaction of the twin conditions that the accused is not guilty and is unlikely to reoffend while on bail. On the record before it, including investigation material and inquiry statements, the Court found no basis for such satisfaction and rejected the bail request. en-us Fri, 01 Mar 2024 00:00:00 +0530 Sat, 02 Mar 2024 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450352 Regular bail under the Prevention of Money Laundering Act, 2002 was examined against the statutory restrictions in Section 45. The material was said to show creation of fictitious bank accounts, use of forged documents, and routing of proceeds of crime through shell entities. The Court noted that money-laundering is treated as a continuing activity, that the special law has overriding effect, and that bail requires satisfaction of the twin conditions that the accused is not guilty and is unlikely to reoffend while on bail. On the record before it, including investigation material and inquiry statements, the Court found no basis for such satisfaction and rejected the bail request. Case-Laws Money Laundering Fri, 01 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450352