https://www.taxtmi.com/highlights?id=76319 Money Laundering - seeking grant of bail - offence of fraud and forgery of valuable securities, etc. - twin conditions u/s 45 of PMLA satisfied or not - The High Court granted bail to the applicant in a case related to the BIKEBOT scheme under the Prevention of Money Laundering Act, 2002. The court found that the applicant had no direct involvement in the fraud perpetrated by GIPL and that the transactions involving him were disputed. Despite opposition from the Enforcement Directorate, the court concluded that the applicant's prolonged detention, lack of criminal history, and presumption of innocence warranted bail. en-us Thu, 04 Apr 2024 04:52:42 +0530 Thu, 04 Apr 2024 04:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76319 Money Laundering - seeking grant of bail - offence of fraud and forgery of valuable securities, etc. - twin conditions u/s 45 of PMLA satisfied or not - The High Court granted bail to the applicant in a case related to the BIKEBOT scheme under the Prevention of Money Laundering Act, 2002. The court found that the applicant had no direct involvement in the fraud perpetrated by GIPL and that the transactions involving him were disputed. Despite opposition from the Enforcement Directorate, the court concluded that the applicant's prolonged detention, lack of criminal history, and presumption of innocence warranted bail. Highlights Money Laundering Thu, 04 Apr 2024 04:52:42 +0530 https://www.taxtmi.com/highlights?id=76319