https://www.taxtmi.com/caselaws?id=459258 In a PMLA bail matter, the Court found that seizure material, documents and statements recorded during inquiry disclosed a prima facie case linking the accused to companies and properties allegedly used to launder proceeds of crime. It held that the statutory embargo on bail under section 45 continued to apply at the bail stage. Long custody, advanced age, medical ailments and delay in trial were considered, but on the facts they did not override the special statutory requirements for release. Bail was therefore refused and custody continued. en-us Tue, 30 Apr 2024 00:00:00 +0530 Fri, 06 Dec 2024 18:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459258 In a PMLA bail matter, the Court found that seizure material, documents and statements recorded during inquiry disclosed a prima facie case linking the accused to companies and properties allegedly used to launder proceeds of crime. It held that the statutory embargo on bail under section 45 continued to apply at the bail stage. Long custody, advanced age, medical ailments and delay in trial were considered, but on the facts they did not override the special statutory requirements for release. Bail was therefore refused and custody continued. Case-Laws Money Laundering Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459258