https://www.taxtmi.com/caselaws?id=765201 An undertrial in a PMLA prosecution was granted bail after remaining in custody for more than half of the maximum seven-year sentence, because the trial had not begun and was unlikely to conclude soon. The Court treated the constitutional right to speedy trial under Article 21, read with Section 436A CrPC, as a statutory and constitutional basis for release notwithstanding the twin conditions under Section 45 of the PMLA. It noted that the case involved voluminous material and numerous witnesses, while substantial proceeds of crime had already been recovered or secured, so continued pre-trial incarceration could not be justified solely by the seriousness of the offence. en-us Fri, 24 Jan 2025 00:00:00 +0530 Tue, 28 Jan 2025 08:24:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765201 An undertrial in a PMLA prosecution was granted bail after remaining in custody for more than half of the maximum seven-year sentence, because the trial had not begun and was unlikely to conclude soon. The Court treated the constitutional right to speedy trial under Article 21, read with Section 436A CrPC, as a statutory and constitutional basis for release notwithstanding the twin conditions under Section 45 of the PMLA. It noted that the case involved voluminous material and numerous witnesses, while substantial proceeds of crime had already been recovered or secured, so continued pre-trial incarceration could not be justified solely by the seriousness of the offence. Case-Laws Money Laundering Fri, 24 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765201