https://www.taxtmi.com/caselaws?id=457212 Bail under the Prevention of Money-laundering Act remains subject to the statutory twin conditions, assessed on a prima facie reading of the material. The Court noted allegations of illegal mining, routing of cash proceeds, use of bank accounts in the principal accused's name, and concealment and projection of tainted money as untainted property, treating money-laundering as an independent and continuing offence. It also recognised the statutory presumption regarding proceeds of crime and the evidentiary value of inquiry statements. Parity with a co-accused is unavailable unless the factual matrix is identical or substantially similar; where the accused's role is materially different, negative equality cannot be claimed. en-us Fri, 12 Apr 2024 00:00:00 +0530 Tue, 03 Sep 2024 14:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457212 Bail under the Prevention of Money-laundering Act remains subject to the statutory twin conditions, assessed on a prima facie reading of the material. The Court noted allegations of illegal mining, routing of cash proceeds, use of bank accounts in the principal accused's name, and concealment and projection of tainted money as untainted property, treating money-laundering as an independent and continuing offence. It also recognised the statutory presumption regarding proceeds of crime and the evidentiary value of inquiry statements. Parity with a co-accused is unavailable unless the factual matrix is identical or substantially similar; where the accused's role is materially different, negative equality cannot be claimed. Case-Laws Money Laundering Fri, 12 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457212