https://www.taxtmi.com/caselaws?id=457987 In a prosecution under the Prevention of Money Laundering Act, 2002, the Jharkhand HC discussed the statutory concept of proceeds of crime, the offence of money-laundering, and the mandatory twin conditions for bail under section 45, applying them also to bail under section 439 CrPC. It noted that property derived directly or indirectly from criminal activity linked to a scheduled offence falls within proceeds of crime, and that concealment, acquisition, use, layering, or projection of such property as untainted attracts section 3. On the facts analysed, prima facie material connected the accused with receipt, layering, cash withdrawal, and transfer of proceeds of crime; the plea of parity was rejected because the co-accused's role was materially different. Regular bail was therefore treated as unwarranted. en-us Fri, 12 Apr 2024 00:00:00 +0530 Tue, 01 Oct 2024 20:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457987 In a prosecution under the Prevention of Money Laundering Act, 2002, the Jharkhand HC discussed the statutory concept of proceeds of crime, the offence of money-laundering, and the mandatory twin conditions for bail under section 45, applying them also to bail under section 439 CrPC. It noted that property derived directly or indirectly from criminal activity linked to a scheduled offence falls within proceeds of crime, and that concealment, acquisition, use, layering, or projection of such property as untainted attracts section 3. On the facts analysed, prima facie material connected the accused with receipt, layering, cash withdrawal, and transfer of proceeds of crime; the plea of parity was rejected because the co-accused's role was materially different. Regular bail was therefore treated as unwarranted. Case-Laws Money Laundering Fri, 12 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457987