https://www.taxtmi.com/caselaws?id=750936 Bail under the PMLA turned on the twin conditions in Section 45 and the strength of the material connecting the applicant to alleged proceeds of crime. The Court noted that the applicant was not named in the FIRs or earlier complaint proceedings, that the asserted transfer into his account was not traced directly to accounts said to hold proceeds of crime, and that the cash-payment allegation was unsupported beyond a statement and presumption. It also considered that similarly placed co-accused had already received bail or anticipatory bail. The Court treated the character of the transfer, including the possibility of loan repayment, as a matter for trial and found prima facie satisfaction of the bail conditions. en-us Fri, 22 Mar 2024 00:00:00 +0530 Thu, 04 Apr 2024 04:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750936 Bail under the PMLA turned on the twin conditions in Section 45 and the strength of the material connecting the applicant to alleged proceeds of crime. The Court noted that the applicant was not named in the FIRs or earlier complaint proceedings, that the asserted transfer into his account was not traced directly to accounts said to hold proceeds of crime, and that the cash-payment allegation was unsupported beyond a statement and presumption. It also considered that similarly placed co-accused had already received bail or anticipatory bail. The Court treated the character of the transfer, including the possibility of loan repayment, as a matter for trial and found prima facie satisfaction of the bail conditions. Case-Laws Money Laundering Fri, 22 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750936