https://www.taxtmi.com/caselaws?id=312878 Delhi HC dismissed a bail application in a money laundering case involving irregularities in Delhi's 2021-22 excise policy. The accused, a Deputy Chief Minister and Excise Minister, was alleged to have formulated the policy to benefit certain individuals who provided advance kickbacks. The court held that Section 45 PMLA does not impose absolute restraint on bail but requires examining whether material would likely result in conviction based on broad probabilities. The court found the accused failed to satisfy both the twin conditions under Section 45 PMLA and the triple test, noting the possibility of witness influence given the accused's high political position. en-us Mon, 03 Jul 2023 00:00:00 +0530 Wed, 13 Mar 2024 08:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312878 Delhi HC dismissed a bail application in a money laundering case involving irregularities in Delhi's 2021-22 excise policy. The accused, a Deputy Chief Minister and Excise Minister, was alleged to have formulated the policy to benefit certain individuals who provided advance kickbacks. The court held that Section 45 PMLA does not impose absolute restraint on bail but requires examining whether material would likely result in conviction based on broad probabilities. The court found the accused failed to satisfy both the twin conditions under Section 45 PMLA and the triple test, noting the possibility of witness influence given the accused's high political position. Case-Laws Money Laundering Mon, 03 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312878