https://www.taxtmi.com/caselaws?id=450576 Bail under the Prevention of Money Laundering Act remains subject to the statutory twin conditions: the court must find reasonable grounds to believe the accused is not guilty and is unlikely to commit any offence while on bail. The Madras HC treated the prosecution material, including electronic records, witness statements and email communications, as prima facie supporting the money-laundering allegations, and held that disputes over the genuineness or value of that evidence could not be tested through a mini-trial at the bail stage. Applying the stricter approach to economic offences, the court also considered the risk of witness influence and interference with the trial, and found bail unwarranted. en-us Wed, 28 Feb 2024 00:00:00 +0530 Fri, 08 Mar 2024 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450576 Bail under the Prevention of Money Laundering Act remains subject to the statutory twin conditions: the court must find reasonable grounds to believe the accused is not guilty and is unlikely to commit any offence while on bail. The Madras HC treated the prosecution material, including electronic records, witness statements and email communications, as prima facie supporting the money-laundering allegations, and held that disputes over the genuineness or value of that evidence could not be tested through a mini-trial at the bail stage. Applying the stricter approach to economic offences, the court also considered the risk of witness influence and interference with the trial, and found bail unwarranted. Case-Laws Money Laundering Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450576