https://www.taxtmi.com/caselaws?id=750640 J&K HC allowed bail application in money laundering case. Petitioner challenged arrest and remand order by Special Judge, PMLA. Court held it had territorial jurisdiction as arrest and remand occurred within its jurisdiction. Court observed that when investigation in predicate scheduled offence is stayed, money laundering proceedings also get eclipsed since PMLA offences originate from scheduled offences. Special Judge's remand order showed non-application of mind as it failed to record whether grounds of arrest were furnished to petitioner or whether proper compliance with Section 19 PMLA was ensured. Petitioner released on bail with conditions. en-us Fri, 15 Mar 2024 00:00:00 +0530 Tue, 26 Mar 2024 19:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750640 J&K HC allowed bail application in money laundering case. Petitioner challenged arrest and remand order by Special Judge, PMLA. Court held it had territorial jurisdiction as arrest and remand occurred within its jurisdiction. Court observed that when investigation in predicate scheduled offence is stayed, money laundering proceedings also get eclipsed since PMLA offences originate from scheduled offences. Special Judge's remand order showed non-application of mind as it failed to record whether grounds of arrest were furnished to petitioner or whether proper compliance with Section 19 PMLA was ensured. Petitioner released on bail with conditions. Case-Laws Money Laundering Fri, 15 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750640