https://www.taxtmi.com/caselaws?id=753396 Anticipatory bail in a PMLA prosecution was held to be governed by Section 45's twin conditions, and the Court declined pre-arrest protection where the record showed a prima facie nexus with proceeds of crime. The material indicated diversion of home-buyers' funds through related entities, transfers traced to the petitioner's account and associated concerns, and a continuing money-laundering investigation linked to surviving scheduled offences. The Court treated money-laundering as an independent offence and found no reasonable grounds to conclude that the petitioner was not guilty or would not commit an offence while on bail, so the request for anticipatory bail was rejected. en-us Tue, 28 May 2024 00:00:00 +0530 Fri, 31 May 2024 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753396 Anticipatory bail in a PMLA prosecution was held to be governed by Section 45's twin conditions, and the Court declined pre-arrest protection where the record showed a prima facie nexus with proceeds of crime. The material indicated diversion of home-buyers' funds through related entities, transfers traced to the petitioner's account and associated concerns, and a continuing money-laundering investigation linked to surviving scheduled offences. The Court treated money-laundering as an independent offence and found no reasonable grounds to conclude that the petitioner was not guilty or would not commit an offence while on bail, so the request for anticipatory bail was rejected. Case-Laws Money Laundering Tue, 28 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753396