https://www.taxtmi.com/caselaws?id=451081 Bail under the Prevention of Money Laundering Act is subject to the twin statutory conditions of reasonable grounds to believe the accused is not guilty and is unlikely to reoffend on bail. The note states that the Court examined only prima facie material, without a mini trial, and treated money-laundering as a serious continuing offence. It further records that investigation material, including section 50 statements, declarations under the Income Declaration Scheme, and evidence of accommodation entries against cash, was relied on to show control of entities, use of corporate structures as a facade, and a prima facie role in projecting proceeds of crime as untainted. en-us Mon, 18 Mar 2024 00:00:00 +0530 Wed, 20 Mar 2024 09:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451081 Bail under the Prevention of Money Laundering Act is subject to the twin statutory conditions of reasonable grounds to believe the accused is not guilty and is unlikely to reoffend on bail. The note states that the Court examined only prima facie material, without a mini trial, and treated money-laundering as a serious continuing offence. It further records that investigation material, including section 50 statements, declarations under the Income Declaration Scheme, and evidence of accommodation entries against cash, was relied on to show control of entities, use of corporate structures as a facade, and a prima facie role in projecting proceeds of crime as untainted. Case-Laws Money Laundering Mon, 18 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451081