https://www.taxtmi.com/caselaws?id=760806 In a PMLA bail matter, the Court applied the twin conditions test and examined whether there were reasonable grounds to believe the accused was not guilty and unlikely to reoffend on bail. It held that, at the bail stage, detailed evidence appraisal is unnecessary and that prima facie material from the investigation can suffice. Section 50 statements, the bank account trail, alleged links with entities handling betting proceeds, and material indicating participation in the laundering network were treated as enough to justify refusal of bail. The applicant was therefore found not entitled to regular bail. en-us Fri, 04 Oct 2024 00:00:00 +0530 Sat, 26 Oct 2024 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760806 In a PMLA bail matter, the Court applied the twin conditions test and examined whether there were reasonable grounds to believe the accused was not guilty and unlikely to reoffend on bail. It held that, at the bail stage, detailed evidence appraisal is unnecessary and that prima facie material from the investigation can suffice. Section 50 statements, the bank account trail, alleged links with entities handling betting proceeds, and material indicating participation in the laundering network were treated as enough to justify refusal of bail. The applicant was therefore found not entitled to regular bail. Case-Laws Money Laundering Fri, 04 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760806