https://www.taxtmi.com/caselaws?id=457141 Anticipatory bail under the Prevention of Money Laundering Act, 2002 was treated as subject to the stringent bail framework in Section 45, which makes the offence cognizable and non-bailable and requires satisfaction of the twin conditions before release. The Court noted that anticipatory bail under Section 438 CrPC is an extraordinary remedy, to be used sparingly in economic offences, and that the general rule of bail does not apply in such cases. On the material alleging participation in the purchase and sale of fake Remdesivir injections and generation of proceeds of crime, anticipatory bail was declined because the statutory conditions were not satisfied and prima facie money-laundering involvement was indicated. en-us Mon, 19 Feb 2024 00:00:00 +0530 Fri, 06 Sep 2024 20:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457141 Anticipatory bail under the Prevention of Money Laundering Act, 2002 was treated as subject to the stringent bail framework in Section 45, which makes the offence cognizable and non-bailable and requires satisfaction of the twin conditions before release. The Court noted that anticipatory bail under Section 438 CrPC is an extraordinary remedy, to be used sparingly in economic offences, and that the general rule of bail does not apply in such cases. On the material alleging participation in the purchase and sale of fake Remdesivir injections and generation of proceeds of crime, anticipatory bail was declined because the statutory conditions were not satisfied and prima facie money-laundering involvement was indicated. Case-Laws Money Laundering Mon, 19 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457141