https://www.taxtmi.com/highlights?id=84146 The HC has allowed the bail application of the accused in a money laundering case under the Prevention of Money Laundering Act, 2002. The allegations pertained to illegal appointment of ineligible candidates in lieu of extraneous consideration. The court noted that while incriminating articles/documents suggesting proceeds of crime were seized, the truth and veracity of the co-accused's statement u/s 50 needs to be weighed during trial. Considering the prolonged incarceration of around 20 months without trial, the likelihood of further delay, the accused being a first-time offender, and the overarching right to life and personal liberty under Article 21, the HC granted bail to the accused subject to stringent conditions. en-us Fri, 20 Dec 2024 08:46:57 +0530 Fri, 20 Dec 2024 08:46:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84146 The HC has allowed the bail application of the accused in a money laundering case under the Prevention of Money Laundering Act, 2002. The allegations pertained to illegal appointment of ineligible candidates in lieu of extraneous consideration. The court noted that while incriminating articles/documents suggesting proceeds of crime were seized, the truth and veracity of the co-accused's statement u/s 50 needs to be weighed during trial. Considering the prolonged incarceration of around 20 months without trial, the likelihood of further delay, the accused being a first-time offender, and the overarching right to life and personal liberty under Article 21, the HC granted bail to the accused subject to stringent conditions. Highlights Money Laundering Fri, 20 Dec 2024 08:46:57 +0530 https://www.taxtmi.com/highlights?id=84146