https://www.taxtmi.com/caselaws?id=752516 In a PMLA regular bail plea, the Court applied the twin conditions under Section 45 on broad probabilities and without conducting a mini-trial. It held that pardon in the predicate offence did not amount to absolute absolution in the money-laundering case, because PMLA liability remains independent while still linked to the scheduled offence and proceeds of crime. On the material then available, the applicant was not shown to be a key managerial person or part of day-to-day management, and his alleged role and knowledge that the funds were proceeds of crime were not conclusively established at the bail stage. Bail was granted, taking into account parity, non-arrest of similarly placed persons, filing of the complaint, and custody already undergone. en-us Thu, 09 May 2024 00:00:00 +0530 Sat, 11 May 2024 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752516 In a PMLA regular bail plea, the Court applied the twin conditions under Section 45 on broad probabilities and without conducting a mini-trial. It held that pardon in the predicate offence did not amount to absolute absolution in the money-laundering case, because PMLA liability remains independent while still linked to the scheduled offence and proceeds of crime. On the material then available, the applicant was not shown to be a key managerial person or part of day-to-day management, and his alleged role and knowledge that the funds were proceeds of crime were not conclusively established at the bail stage. Bail was granted, taking into account parity, non-arrest of similarly placed persons, filing of the complaint, and custody already undergone. Case-Laws Money Laundering Thu, 09 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752516