https://www.taxtmi.com/caselaws?id=763451 In a money-laundering bail matter, the Calcutta HC examined the twin bail conditions under the Prevention of Money Laundering Act alongside Article 21 liberty concerns. It noted that statements under section 50 and alleged document and asset recovery would be tested at trial, while the statutory presumption under section 24 operates only after the Enforcement Directorate establishes foundational facts. Considering the petitioner's first-offender status, substantial pre-trial custody, voluminous evidence, many witnesses, and the unlikely early completion of trial, the Court held that prolonged under-trial detention could justify bail subject to statutory safeguards and conditions. en-us Tue, 26 Nov 2024 00:00:00 +0530 Wed, 18 Dec 2024 18:10:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763451 In a money-laundering bail matter, the Calcutta HC examined the twin bail conditions under the Prevention of Money Laundering Act alongside Article 21 liberty concerns. It noted that statements under section 50 and alleged document and asset recovery would be tested at trial, while the statutory presumption under section 24 operates only after the Enforcement Directorate establishes foundational facts. Considering the petitioner's first-offender status, substantial pre-trial custody, voluminous evidence, many witnesses, and the unlikely early completion of trial, the Court held that prolonged under-trial detention could justify bail subject to statutory safeguards and conditions. Case-Laws Money Laundering Tue, 26 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763451