https://www.taxtmi.com/caselaws?id=753361 Under the Prevention of Money Laundering Act, bail was examined against the strict Section 45 twin conditions and the validity of remand. The remand order was treated as reasoned because it referred to the material in possession, the alleged coal washery transactions, the need for further investigation, and the inability to complete investigation within 24 hours; the plea of illegal custody was said to require evidence and did not by itself displace the remand in bail proceedings. On the merits, the record showed a prima facie role in acquiring and transferring coal washeries through allegedly sham and layered transactions, so the accused failed to show reasonable grounds of innocence or a low risk of reoffending, and bail was refused. en-us Mon, 08 Apr 2024 00:00:00 +0530 Tue, 28 May 2024 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753361 Under the Prevention of Money Laundering Act, bail was examined against the strict Section 45 twin conditions and the validity of remand. The remand order was treated as reasoned because it referred to the material in possession, the alleged coal washery transactions, the need for further investigation, and the inability to complete investigation within 24 hours; the plea of illegal custody was said to require evidence and did not by itself displace the remand in bail proceedings. On the merits, the record showed a prima facie role in acquiring and transferring coal washeries through allegedly sham and layered transactions, so the accused failed to show reasonable grounds of innocence or a low risk of reoffending, and bail was refused. Case-Laws Money Laundering Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753361