https://www.taxtmi.com/caselaws?id=753863 The Bombay HC granted bail to an applicant charged under PMLA for money laundering related to betel nut smuggling. The court found prima facie justification for arrest based on DRI interception and seizure of betel nuts, search operations, witness statements identifying the applicant as actual consignee, and financial transactions through multiple accounts. While rejecting arguments about inchoate predicate offences and noting that PMLA accused need not be arraigned in predicate offence, the court exercised discretion favoring bail considering the principal accused was at liberty. Bail was granted subject to conditions despite serious bribery allegations against the applicant. en-us Fri, 17 May 2024 00:00:00 +0530 Wed, 12 Jun 2024 08:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753863 The Bombay HC granted bail to an applicant charged under PMLA for money laundering related to betel nut smuggling. The court found prima facie justification for arrest based on DRI interception and seizure of betel nuts, search operations, witness statements identifying the applicant as actual consignee, and financial transactions through multiple accounts. While rejecting arguments about inchoate predicate offences and noting that PMLA accused need not be arraigned in predicate offence, the court exercised discretion favoring bail considering the principal accused was at liberty. Bail was granted subject to conditions despite serious bribery allegations against the applicant. Case-Laws Money Laundering Fri, 17 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753863