https://www.taxtmi.com/caselaws?id=756317 Under Section 45 of the Prevention of Money Laundering Act, 2002, regular bail can be granted only if there are reasonable grounds to believe the is not guilty and is unlikely to commit an offence on bail. The Court assessed the material collected during investigation on broad probabilities, not as a trial, and found prima facie evidence that the applicant allegedly received and routed hawala funds linked to proceeds of crime, with knowledge of the persons involved. Treating money laundering as a serious economic offence, the Court held that the twin bail conditions were not satisfied and declined bail. en-us Fri, 26 Jul 2024 00:00:00 +0530 Wed, 31 Jul 2024 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756317 Under Section 45 of the Prevention of Money Laundering Act, 2002, regular bail can be granted only if there are reasonable grounds to believe the is not guilty and is unlikely to commit an offence on bail. The Court assessed the material collected during investigation on broad probabilities, not as a trial, and found prima facie evidence that the applicant allegedly received and routed hawala funds linked to proceeds of crime, with knowledge of the persons involved. Treating money laundering as a serious economic offence, the Court held that the twin bail conditions were not satisfied and declined bail. Case-Laws Money Laundering Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756317