https://www.taxtmi.com/caselaws?id=758692 In a prosecution under the Prevention of Money Laundering Act, the Court found material showing the petitioner's direct and active role in routing alleged proceeds of crime through bank accounts arranged for bogus entries. Applying the settled bail approach in economic offences, it considered the nature and gravity of the accusations, supporting materials, risk of tampering or abscondence, and the wider public interest, noting that socio-economic offences call for a stricter approach. The petitioner's role was treated as distinguishable from cases involving health grounds or lack of direct involvement, and regular bail was declined. en-us Fri, 13 Sep 2024 00:00:00 +0530 Tue, 17 Sep 2024 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758692 In a prosecution under the Prevention of Money Laundering Act, the Court found material showing the petitioner's direct and active role in routing alleged proceeds of crime through bank accounts arranged for bogus entries. Applying the settled bail approach in economic offences, it considered the nature and gravity of the accusations, supporting materials, risk of tampering or abscondence, and the wider public interest, noting that socio-economic offences call for a stricter approach. The petitioner's role was treated as distinguishable from cases involving health grounds or lack of direct involvement, and regular bail was declined. Case-Laws Money Laundering Fri, 13 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758692