https://www.taxtmi.com/caselaws?id=765938 Regular bail under the Prevention of Money-laundering Act was refused because the record disclosed prima facie involvement in alleged laundering linked to the liquor syndicate, and the statutory limits in Section 45 remained applicable. Although the applicant relied on prolonged custody, completed investigation and speedy-trial concerns, the court found those factors insufficient against the seriousness of the allegations, attachment of properties, and indications of layering and handling of proceeds of crime. The applicant therefore failed to show reasonable grounds for believing that he was not guilty, and the twin conditions for bail were not met. en-us Thu, 06 Feb 2025 00:00:00 +0530 Thu, 13 Feb 2025 08:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765938 Regular bail under the Prevention of Money-laundering Act was refused because the record disclosed prima facie involvement in alleged laundering linked to the liquor syndicate, and the statutory limits in Section 45 remained applicable. Although the applicant relied on prolonged custody, completed investigation and speedy-trial concerns, the court found those factors insufficient against the seriousness of the allegations, attachment of properties, and indications of layering and handling of proceeds of crime. The applicant therefore failed to show reasonable grounds for believing that he was not guilty, and the twin conditions for bail were not met. Case-Laws Money Laundering Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765938