https://www.taxtmi.com/caselaws?id=314342 The HC dismissed the bail application in a money laundering case involving transfer of substantial amounts to multiple accounts and misappropriation through liquid security arrangements. The court found that Section 45's twin conditions for bail were revived after Amendment Act 13 of 2018 cured constitutional defects identified in Nikesh Tarachand Shah. Based on documentary evidence showing the applicant transferred proceeds of crime to various bank accounts and purchased 53 vehicles, the court concluded reasonable grounds existed to believe the applicant was guilty of money laundering and likely to reoffend if granted bail. en-us Wed, 13 Apr 2022 00:00:00 +0530 Sat, 01 Jun 2024 15:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314342 The HC dismissed the bail application in a money laundering case involving transfer of substantial amounts to multiple accounts and misappropriation through liquid security arrangements. The court found that Section 45's twin conditions for bail were revived after Amendment Act 13 of 2018 cured constitutional defects identified in Nikesh Tarachand Shah. Based on documentary evidence showing the applicant transferred proceeds of crime to various bank accounts and purchased 53 vehicles, the court concluded reasonable grounds existed to believe the applicant was guilty of money laundering and likely to reoffend if granted bail. Case-Laws Money Laundering Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314342