https://www.taxtmi.com/caselaws?id=754730 Money laundering under the Prevention of Money-Laundering Act is a continuing offence, and "proceeds of crime" includes property derived directly or indirectly from a scheduled offence. Where credible material shows possession of or dealing with tainted funds through corporate and banking transactions, investigation may continue even if part of the predicate conduct preceded the relevant period. Applying the statutory bail threshold, the Bombay HC found that the applicant had not satisfied the twin conditions under Section 45, particularly in light of the material indicating his role, antecedents, and continuing association with the proceeds of crime. Bail was therefore refused. en-us Wed, 19 Jun 2024 00:00:00 +0530 Fri, 28 Jun 2024 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754730 Money laundering under the Prevention of Money-Laundering Act is a continuing offence, and "proceeds of crime" includes property derived directly or indirectly from a scheduled offence. Where credible material shows possession of or dealing with tainted funds through corporate and banking transactions, investigation may continue even if part of the predicate conduct preceded the relevant period. Applying the statutory bail threshold, the Bombay HC found that the applicant had not satisfied the twin conditions under Section 45, particularly in light of the material indicating his role, antecedents, and continuing association with the proceeds of crime. Bail was therefore refused. Case-Laws Customs Wed, 19 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754730