https://www.taxtmi.com/caselaws?id=457212 The Jharkhand HC dismissed a bail application under Sections 439 and 440 CrPC in a money laundering case involving illegal mining and stone chip transportation. The petitioner was directly involved in illegal mining activities, knowingly assisted the main accused in laundering Rs. 4.87 crores through purported stone chip trading, and had Rs. 28,50,000 seized from his premises. The court applied stringent bail conditions under Section 45 of PMLA, requiring satisfaction that the accused is not guilty and unlikely to commit offenses while on bail. The court rejected parity arguments, noting the petitioner's close association with the main accused and failure to demonstrate exceptional circumstances warranting discretionary bail relief. en-us Fri, 12 Apr 2024 00:00:00 +0530 Wed, 11 Sep 2024 20:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457212 The Jharkhand HC dismissed a bail application under Sections 439 and 440 CrPC in a money laundering case involving illegal mining and stone chip transportation. The petitioner was directly involved in illegal mining activities, knowingly assisted the main accused in laundering Rs. 4.87 crores through purported stone chip trading, and had Rs. 28,50,000 seized from his premises. The court applied stringent bail conditions under Section 45 of PMLA, requiring satisfaction that the accused is not guilty and unlikely to commit offenses while on bail. The court rejected parity arguments, noting the petitioner's close association with the main accused and failure to demonstrate exceptional circumstances warranting discretionary bail relief. Case-Laws Money Laundering Fri, 12 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457212