https://www.taxtmi.com/caselaws?id=760082 Section 436A of the Code of Criminal Procedure, 1973 was treated as available in a money-laundering prosecution despite the rigour of Section 45 of the Prevention of Money Laundering Act, 2002, because prolonged pre-trial detention had crossed the statutory halfway mark and no delay was attributable to the accused. Bail on merits was refused on prima facie material showing the applicant's active role as a bank chief executive in supervising branches, facilitating illegal cash withdrawals, and making bogus entries connected with the alleged siphoning of funds. Bail was nevertheless granted on the ground of long incarceration under Section 436A. en-us Mon, 14 Oct 2024 00:00:00 +0530 Tue, 15 Oct 2024 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760082 Section 436A of the Code of Criminal Procedure, 1973 was treated as available in a money-laundering prosecution despite the rigour of Section 45 of the Prevention of Money Laundering Act, 2002, because prolonged pre-trial detention had crossed the statutory halfway mark and no delay was attributable to the accused. Bail on merits was refused on prima facie material showing the applicant's active role as a bank chief executive in supervising branches, facilitating illegal cash withdrawals, and making bogus entries connected with the alleged siphoning of funds. Bail was nevertheless granted on the ground of long incarceration under Section 436A. Case-Laws Money Laundering Mon, 14 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760082