https://www.taxtmi.com/caselaws?id=762713 PMLA liability turns on whether the property is prima facie shown to be "proceeds of crime", meaning property derived directly or indirectly from a completed scheduled offence; funds collected before the alleged scheduled offence and without dominion or control over the alleged proceeds may not satisfy that threshold. The document also notes that, despite stringent bail conditions under the Prevention of Money Laundering Act, prolonged pre-trial incarceration and a likely long delay in trial can justify bail under Article 21, where continued detention would be unreasonable. The merits of the prosecution remain open for trial. en-us Wed, 04 Dec 2024 00:00:00 +0530 Thu, 05 Dec 2024 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762713 PMLA liability turns on whether the property is prima facie shown to be "proceeds of crime", meaning property derived directly or indirectly from a completed scheduled offence; funds collected before the alleged scheduled offence and without dominion or control over the alleged proceeds may not satisfy that threshold. The document also notes that, despite stringent bail conditions under the Prevention of Money Laundering Act, prolonged pre-trial incarceration and a likely long delay in trial can justify bail under Article 21, where continued detention would be unreasonable. The merits of the prosecution remain open for trial. Case-Laws Money Laundering Wed, 04 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762713