https://www.taxtmi.com/caselaws?id=314148 Bail under the Prevention of Money-Laundering Act depends on the mandatory twin conditions in Section 45, requiring reasonable grounds to believe that the is not guilty and will not commit an offence while on bail. The Court noted that witness statements and documents collected in investigation prima facie indicated diversion and layering of proceeds of crime, and the statutory presumption under Section 24 and overriding effect under Section 71 supported the prosecution's case at the bail stage. The petitioner's medical condition and other submissions were not sufficient to displace the statutory bar, and the bail application was dismissed. en-us Tue, 20 Feb 2024 00:00:00 +0530 Mon, 20 May 2024 18:37:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314148 Bail under the Prevention of Money-Laundering Act depends on the mandatory twin conditions in Section 45, requiring reasonable grounds to believe that the is not guilty and will not commit an offence while on bail. The Court noted that witness statements and documents collected in investigation prima facie indicated diversion and layering of proceeds of crime, and the statutory presumption under Section 24 and overriding effect under Section 71 supported the prosecution's case at the bail stage. The petitioner's medical condition and other submissions were not sufficient to displace the statutory bar, and the bail application was dismissed. Case-Laws Money Laundering Tue, 20 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314148