https://www.taxtmi.com/caselaws?id=756098 Bail under the Prevention of Money Laundering Act is governed by the twin conditions in section 45, requiring reasonable grounds to believe that the accused is not guilty and is unlikely to offend while on bail. The material considered at the bail stage included approver and witness statements, along with call-detail and location records, and such section 50 statements were treated as admissible and capable of reliance. The text also states that an accused need not be named in the scheduled offence for PMLA prosecution because money-laundering is an independent offence linked to proceeds of crime. The approver's statement could not be rejected at the threshold, as credibility and corroboration were matters for trial. en-us Wed, 07 Feb 2024 00:00:00 +0530 Fri, 26 Jul 2024 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756098 Bail under the Prevention of Money Laundering Act is governed by the twin conditions in section 45, requiring reasonable grounds to believe that the accused is not guilty and is unlikely to offend while on bail. The material considered at the bail stage included approver and witness statements, along with call-detail and location records, and such section 50 statements were treated as admissible and capable of reliance. The text also states that an accused need not be named in the scheduled offence for PMLA prosecution because money-laundering is an independent offence linked to proceeds of crime. The approver's statement could not be rejected at the threshold, as credibility and corroboration were matters for trial. Case-Laws Money Laundering Wed, 07 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756098