https://www.taxtmi.com/caselaws?id=758693 Bail under the proviso to Section 45 of the PMLA was found available where the petitioner's alleged role was limited to acquisition and transfer of land, with the attributed value below the threshold relied upon to invoke the statutory bar. The Court noted that witness status in the predicate offence does not by itself preclude prosecution for money laundering, but on the facts the alleged proceeds did not justify denial of the proviso. It also held that cooperation with investigation, absence of flight risk or tampering risk, limited role, parity, and chronic illness satisfied the ordinary bail test, and bail was granted. en-us Tue, 17 Sep 2024 00:00:00 +0530 Wed, 18 Sep 2024 07:53:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758693 Bail under the proviso to Section 45 of the PMLA was found available where the petitioner's alleged role was limited to acquisition and transfer of land, with the attributed value below the threshold relied upon to invoke the statutory bar. The Court noted that witness status in the predicate offence does not by itself preclude prosecution for money laundering, but on the facts the alleged proceeds did not justify denial of the proviso. It also held that cooperation with investigation, absence of flight risk or tampering risk, limited role, parity, and chronic illness satisfied the ordinary bail test, and bail was granted. Case-Laws Money Laundering Tue, 17 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758693