https://www.taxtmi.com/caselaws?id=751537 The Prevention of Money Laundering Act, 2002 was analysed as requiring the Section 45 twin conditions to be satisfied even when anticipatory bail is sought under Section 438 CrPC, because the bail restrictions apply to release in money-laundering cases generally. The material collected in investigation, including diaries, sale agreements, bank records and statements, was treated as prima facie indicating cash transactions, benami arrangements and concealment of consideration, thereby attracting the statutory bar. Repeated failure to join investigation and non-compliance with summons were also treated as strong factors against pre-arrest protection. On that reasoning, anticipatory bail was declined in a case involving alleged proceeds of crime. en-us Mon, 11 Mar 2024 00:00:00 +0530 Thu, 18 Apr 2024 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751537 The Prevention of Money Laundering Act, 2002 was analysed as requiring the Section 45 twin conditions to be satisfied even when anticipatory bail is sought under Section 438 CrPC, because the bail restrictions apply to release in money-laundering cases generally. The material collected in investigation, including diaries, sale agreements, bank records and statements, was treated as prima facie indicating cash transactions, benami arrangements and concealment of consideration, thereby attracting the statutory bar. Repeated failure to join investigation and non-compliance with summons were also treated as strong factors against pre-arrest protection. On that reasoning, anticipatory bail was declined in a case involving alleged proceeds of crime. Case-Laws Money Laundering Mon, 11 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751537