https://www.taxtmi.com/caselaws?id=451081 PMLA bail requires reasonable grounds to believe that the accused is not guilty and unlikely to commit an offence while released. The assessment is limited to whether the investigation material discloses a prima facie case, without a mini trial. Material indicating control of companies, accommodation entries against cash, beneficial ownership, and efforts to portray proceeds of crime as untainted may support a prima facie money-laundering allegation. Declarations under the Income Declaration Scheme that are void may remain relevant to the alleged concealment of proceeds. Corporate veil lifting may apply where company structures function as a facade for fraudulent or illegal activity. Failure to satisfy the twin conditions can result in denial of bail. 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 PMLA bail requires reasonable grounds to believe that the accused is not guilty and unlikely to commit an offence while released. The assessment is limited to whether the investigation material discloses a prima facie case, without a mini trial. Material indicating control of companies, accommodation entries against cash, beneficial ownership, and efforts to portray proceeds of crime as untainted may support a prima facie money-laundering allegation. Declarations under the Income Declaration Scheme that are void may remain relevant to the alleged concealment of proceeds. Corporate veil lifting may apply where company structures function as a facade for fraudulent or illegal activity. Failure to satisfy the twin conditions can result in denial of bail. Case-Laws Money Laundering Mon, 18 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451081