https://www.taxtmi.com/caselaws?id=313341 Patna HC rejected petitioner's anticipatory bail application in money laundering case involving proceeds of crime and fund siphoning. Court found petitioner knowingly involved in acquisition, concealment and transfer of proceeds of crime. Under Section 45(1)(ii) PMLA, bail requires court satisfaction that accused is not guilty and unlikely to commit offence while on bail. Court noted coordinate bench had rejected similar applications of co-accused in related matter, finding no grounds for granting anticipatory bail. en-us Mon, 18 Sep 2023 00:00:00 +0530 Mon, 08 Apr 2024 17:11:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313341 Patna HC rejected petitioner's anticipatory bail application in money laundering case involving proceeds of crime and fund siphoning. Court found petitioner knowingly involved in acquisition, concealment and transfer of proceeds of crime. Under Section 45(1)(ii) PMLA, bail requires court satisfaction that accused is not guilty and unlikely to commit offence while on bail. Court noted coordinate bench had rejected similar applications of co-accused in related matter, finding no grounds for granting anticipatory bail. Case-Laws Money Laundering Mon, 18 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313341