https://www.taxtmi.com/caselaws?id=765469 In a money-laundering bail matter, the court treated section 50 statements, co-accused disclosures, bank records and electronic evidence as admissible material, and held that money laundering is an independent offence distinct from the predicate offence. It found that the proviso to section 45 is discretionary, not mandatory, and could not be invoked on the facts because the alleged laundering formed part of a larger organised conspiracy. Applying section 24, the court held that once foundational facts were shown the burden shifted to the applicant to rebut the statutory presumption, which he failed to do. Bail was therefore not warranted. en-us Tue, 28 Jan 2025 00:00:00 +0530 Thu, 30 Jan 2025 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765469 In a money-laundering bail matter, the court treated section 50 statements, co-accused disclosures, bank records and electronic evidence as admissible material, and held that money laundering is an independent offence distinct from the predicate offence. It found that the proviso to section 45 is discretionary, not mandatory, and could not be invoked on the facts because the alleged laundering formed part of a larger organised conspiracy. Applying section 24, the court held that once foundational facts were shown the burden shifted to the applicant to rebut the statutory presumption, which he failed to do. Bail was therefore not warranted. Case-Laws Money Laundering Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765469