https://www.taxtmi.com/caselaws?id=314000 In a PMLA prosecution, bail was refused where the record showed a prima facie role in handling proceeds of crime and assisting the main fraudster. The petitioner was also linked to the infusion of share capital in breach of the bank's bye-laws, which reinforced the allegation of involvement in the laundering activity. Applying the gravity of the alleged offence and the petitioner's apparent participation, the HC found no basis to enlarge him on bail, and the application was dismissed. en-us Wed, 23 Feb 2022 00:00:00 +0530 Sat, 11 May 2024 21:15:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314000 In a PMLA prosecution, bail was refused where the record showed a prima facie role in handling proceeds of crime and assisting the main fraudster. The petitioner was also linked to the infusion of share capital in breach of the bank's bye-laws, which reinforced the allegation of involvement in the laundering activity. Applying the gravity of the alleged offence and the petitioner's apparent participation, the HC found no basis to enlarge him on bail, and the application was dismissed. Case-Laws Money Laundering Wed, 23 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314000