https://www.taxtmi.com/caselaws?id=765382 Regular bail under the Prevention of Money Laundering Act, 2002 was refused because the statutory twin conditions in Section 45 were not satisfied. On the material collected in investigation, including the complaint, recorded statements and the alleged money trail, the Court found prima facie links between the applicant and the laundering activity and concluded that the nexus with proceeds of crime was sufficiently disclosed at this stage. The plea of prolonged incarceration and medical hardship did not outweigh the statutory rigour on the facts presented, so bail was declined. en-us Tue, 21 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765382 Regular bail under the Prevention of Money Laundering Act, 2002 was refused because the statutory twin conditions in Section 45 were not satisfied. On the material collected in investigation, including the complaint, recorded statements and the alleged money trail, the Court found prima facie links between the applicant and the laundering activity and concluded that the nexus with proceeds of crime was sufficiently disclosed at this stage. The plea of prolonged incarceration and medical hardship did not outweigh the statutory rigour on the facts presented, so bail was declined. Case-Laws Money Laundering Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765382