https://www.taxtmi.com/caselaws?id=313316 Pre-arrest bail under the Prevention of Money Laundering Act was refused where the allegations involved recovery of multiple ATM cards, use of funds allegedly traceable to crime, and acquisition of properties in the names of the petitioners and their family members. The Court treated the gravity of the allegations, the material on record, the petitioners' antecedents, and the filing of the charge-sheet as factors weighing against the exercise of discretionary anticipatory bail jurisdiction. On that basis, the request for pre-arrest bail was declined. en-us Fri, 14 Jul 2023 00:00:00 +0530 Sat, 06 Apr 2024 05:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313316 Pre-arrest bail under the Prevention of Money Laundering Act was refused where the allegations involved recovery of multiple ATM cards, use of funds allegedly traceable to crime, and acquisition of properties in the names of the petitioners and their family members. The Court treated the gravity of the allegations, the material on record, the petitioners' antecedents, and the filing of the charge-sheet as factors weighing against the exercise of discretionary anticipatory bail jurisdiction. On that basis, the request for pre-arrest bail was declined. Case-Laws Money Laundering Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313316