https://www.taxtmi.com/caselaws?id=752735 In a PMLA prosecution, prolonged custody and delay in trial were held insufficient to justify bail where the accused had not satisfied the twin conditions under Section 45. The Court relied on the continuing investigation, the alleged use of dummy firms, routing of funds through bank accounts, and the link to proceeds of crime and related assets, and found that the matter remained at a crucial investigative stage. Constitutional arguments based on personal liberty and speedy trial were considered, but they did not override the statutory bail restriction on these facts. Bail was declined. en-us Tue, 07 May 2024 00:00:00 +0530 Fri, 17 May 2024 08:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752735 In a PMLA prosecution, prolonged custody and delay in trial were held insufficient to justify bail where the accused had not satisfied the twin conditions under Section 45. The Court relied on the continuing investigation, the alleged use of dummy firms, routing of funds through bank accounts, and the link to proceeds of crime and related assets, and found that the matter remained at a crucial investigative stage. Constitutional arguments based on personal liberty and speedy trial were considered, but they did not override the statutory bail restriction on these facts. Bail was declined. Case-Laws Money Laundering Tue, 07 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752735