https://www.taxtmi.com/caselaws?id=756396 The Delhi HC dismissed a regular bail application in a money laundering case under PMLA. The court found prima facie sufficient material showing the applicant's involvement in laundering proceeds from cattle smuggling through various transactions and shell companies. Despite acknowledging Article 21 guarantees personal liberty, the court held the applicant failed to satisfy twin conditions under Section 45(1) PMLA - reasonable grounds for believing innocence and likelihood of not committing offences while on bail. The court applied statutory presumption under Section 24 PMLA regarding proceeds of crime. Medical grounds for bail were rejected as the applicant failed to demonstrate inadequate treatment facilities in custody. en-us Mon, 29 Jul 2024 00:00:00 +0530 Thu, 01 Aug 2024 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756396 The Delhi HC dismissed a regular bail application in a money laundering case under PMLA. The court found prima facie sufficient material showing the applicant's involvement in laundering proceeds from cattle smuggling through various transactions and shell companies. Despite acknowledging Article 21 guarantees personal liberty, the court held the applicant failed to satisfy twin conditions under Section 45(1) PMLA - reasonable grounds for believing innocence and likelihood of not committing offences while on bail. The court applied statutory presumption under Section 24 PMLA regarding proceeds of crime. Medical grounds for bail were rejected as the applicant failed to demonstrate inadequate treatment facilities in custody. Case-Laws Money Laundering Mon, 29 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756396