https://www.taxtmi.com/caselaws?id=450407 Bail under the PMLA requires strict compliance with the mandatory twin conditions in Section 45, and the Court must also be satisfied that the statutory basis for arrest under Section 19 is met. Applying those restrictions, the Court found the investigation material and complaint sufficient to show the applicant was the beneficial owner and controlling mind of the company, with an alleged role in forged and undervalued property transactions amounting to laundering activity. The plea of parity was rejected because the applicant's role and involvement were materially different from those of the co-accused. Bail was therefore denied. en-us Fri, 01 Mar 2024 00:00:00 +0530 Tue, 05 Mar 2024 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450407 Bail under the PMLA requires strict compliance with the mandatory twin conditions in Section 45, and the Court must also be satisfied that the statutory basis for arrest under Section 19 is met. Applying those restrictions, the Court found the investigation material and complaint sufficient to show the applicant was the beneficial owner and controlling mind of the company, with an alleged role in forged and undervalued property transactions amounting to laundering activity. The plea of parity was rejected because the applicant's role and involvement were materially different from those of the co-accused. Bail was therefore denied. Case-Laws Money Laundering Fri, 01 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450407