https://www.taxtmi.com/caselaws?id=456356 Bail under the Prevention of Money Laundering Act was assessed on the limited prima facie standard at the pre-trial stage, with emphasis on the statutory twin conditions, the petitioner's alleged role in the loan transaction, and the available material. The Court noted that the loan was routed through a cooperative banking structure, the disbursement reached identified landowners, and the banking decision could not, at that stage, be attributed solely to the petitioner. It also treated the petitioner's no longer holding office, and therefore lacking present influence over the investigation or trial, together with his age and heart-related medical condition, as supporting release. Bail was granted. en-us Tue, 13 Feb 2024 00:00:00 +0530 Thu, 18 Jul 2024 19:46:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456356 Bail under the Prevention of Money Laundering Act was assessed on the limited prima facie standard at the pre-trial stage, with emphasis on the statutory twin conditions, the petitioner's alleged role in the loan transaction, and the available material. The Court noted that the loan was routed through a cooperative banking structure, the disbursement reached identified landowners, and the banking decision could not, at that stage, be attributed solely to the petitioner. It also treated the petitioner's no longer holding office, and therefore lacking present influence over the investigation or trial, together with his age and heart-related medical condition, as supporting release. Bail was granted. Case-Laws Money Laundering Tue, 13 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456356