https://www.taxtmi.com/caselaws?id=456795 Section 45 of the Prevention of Money Laundering Act, 2002 was applied to anticipatory bail, and relief was declined because the complaint prima facie disclosed laundering of proceeds of crime through continuing company-related transactions. The Court treated the alleged conduct as a continuing offence under Section 3 of the PMLA and found no reasonable ground to believe the applicant was not guilty or would not reoffend while on bail. The applicant's challenge to the predicate offence, reliance on Section 186 of the Companies Act, 2013, and pleas based on age, illness and parity were all rejected because the allegations were linked to Section 447 and the co-accused's case rested on different facts. en-us Thu, 21 Mar 2024 00:00:00 +0530 Wed, 14 Aug 2024 21:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456795 Section 45 of the Prevention of Money Laundering Act, 2002 was applied to anticipatory bail, and relief was declined because the complaint prima facie disclosed laundering of proceeds of crime through continuing company-related transactions. The Court treated the alleged conduct as a continuing offence under Section 3 of the PMLA and found no reasonable ground to believe the applicant was not guilty or would not reoffend while on bail. The applicant's challenge to the predicate offence, reliance on Section 186 of the Companies Act, 2013, and pleas based on age, illness and parity were all rejected because the allegations were linked to Section 447 and the co-accused's case rested on different facts. Case-Laws Money Laundering Thu, 21 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456795