https://www.taxtmi.com/caselaws?id=759306 Grounds of arrest were treated as duly served where the arrest order recorded reasons to believe, and the materials showed the grounds were prepared, read over and understood at the time of arrest; the challenge on non-furnishing was rejected. On bail under the money-laundering statute, the Court applied the twin statutory conditions and found that investigation materials, including statements on receipt of funds, multiple cash transactions, unexplained capital increase and alleged layering of proceeds of crime, prima facie supported the prosecution case. The Court held that there were no reasonable grounds to believe the accused was not guilty and no basis to find that he would not reoffend on bail, so release was refused. en-us Fri, 30 Aug 2024 00:00:00 +0530 Thu, 26 Sep 2024 12:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759306 Grounds of arrest were treated as duly served where the arrest order recorded reasons to believe, and the materials showed the grounds were prepared, read over and understood at the time of arrest; the challenge on non-furnishing was rejected. On bail under the money-laundering statute, the Court applied the twin statutory conditions and found that investigation materials, including statements on receipt of funds, multiple cash transactions, unexplained capital increase and alleged layering of proceeds of crime, prima facie supported the prosecution case. The Court held that there were no reasonable grounds to believe the accused was not guilty and no basis to find that he would not reoffend on bail, so release was refused. Case-Laws Money Laundering Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759306