https://www.taxtmi.com/caselaws?id=763032 At the bail stage under the Prevention of Money Laundering Act, 2002, the Court examined whether the prosecution material prima facie established proceeds of crime, and found that the alleged cash payment theory was not clearly substantiated on the record. It treated statements recorded during investigation as not substantive evidence by themselves and assessed the case on broad probabilities rather than detailed proof. As investigation had ended and custodial interrogation was no longer required, the Court held that concerns of tampering or flight risk could be managed through strict conditions. Relying on personal liberty and the risk of punitive pre-trial incarceration, the application for bail was allowed subject to stringent conditions. en-us Fri, 06 Dec 2024 00:00:00 +0530 Wed, 11 Dec 2024 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763032 At the bail stage under the Prevention of Money Laundering Act, 2002, the Court examined whether the prosecution material prima facie established proceeds of crime, and found that the alleged cash payment theory was not clearly substantiated on the record. It treated statements recorded during investigation as not substantive evidence by themselves and assessed the case on broad probabilities rather than detailed proof. As investigation had ended and custodial interrogation was no longer required, the Court held that concerns of tampering or flight risk could be managed through strict conditions. Relying on personal liberty and the risk of punitive pre-trial incarceration, the application for bail was allowed subject to stringent conditions. Case-Laws Money Laundering Fri, 06 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763032