https://www.taxtmi.com/caselaws?id=755896 Bail under the Prevention of Money Laundering Act was granted because the material at the bail stage did not conclusively show the accused's direct involvement in dealing with proceeds of crime linked to the scheduled offence. The Court treated money-laundering as an independent offence, but held that the available searches, statements and other investigative material did not establish reasonable grounds to deny bail. Applying the Section 45 test on broad probabilities rather than a mini-trial, it found that the accused was not shown to be guilty on the record then before the Court and that the likelihood condition for continued custody was not made out. en-us Fri, 28 Jun 2024 00:00:00 +0530 Mon, 22 Jul 2024 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755896 Bail under the Prevention of Money Laundering Act was granted because the material at the bail stage did not conclusively show the accused's direct involvement in dealing with proceeds of crime linked to the scheduled offence. The Court treated money-laundering as an independent offence, but held that the available searches, statements and other investigative material did not establish reasonable grounds to deny bail. Applying the Section 45 test on broad probabilities rather than a mini-trial, it found that the accused was not shown to be guilty on the record then before the Court and that the likelihood condition for continued custody was not made out. Case-Laws Money Laundering Fri, 28 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755896