https://www.taxtmi.com/caselaws?id=458089 In a prosecution under the Prevention of Money Laundering Act, 2002, the Court applied the amended section 45 bail restrictions and examined whether the record disclosed a prima facie case of laundering proceeds of crime. Finding that the complaint, investigation material and statements indicated collection of public funds and laundering through the alleged scheme, the Court held that the gravity of the offence and the statutory conditions weighed against release. Bail was refused, the accused remained in custody, and the trial was directed to proceed expeditiously. en-us Fri, 28 Sep 2018 00:00:00 +0530 Tue, 08 Oct 2024 07:30:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458089 In a prosecution under the Prevention of Money Laundering Act, 2002, the Court applied the amended section 45 bail restrictions and examined whether the record disclosed a prima facie case of laundering proceeds of crime. Finding that the complaint, investigation material and statements indicated collection of public funds and laundering through the alleged scheme, the Court held that the gravity of the offence and the statutory conditions weighed against release. Bail was refused, the accused remained in custody, and the trial was directed to proceed expeditiously. Case-Laws Money Laundering Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458089