https://www.taxtmi.com/caselaws?id=460813 Regular bail in a money-laundering prosecution under the PMLA was refused because the Court found the allegations, investigation material and Section 50 statements sufficient to show a prima facie role in an alleged laundering syndicate. It noted that the ECIR arose from a separate predicate offence, that the material indicated concealment and laundering of proceeds of crime through multiple channels, including foreign entities, and that the stringent Section 45 bail conditions weighed against release. On that basis, the gravity of the accusations and the collected evidence did not justify regular bail. en-us Fri, 25 Oct 2024 00:00:00 +0530 Sat, 22 Feb 2025 00:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460813 Regular bail in a money-laundering prosecution under the PMLA was refused because the Court found the allegations, investigation material and Section 50 statements sufficient to show a prima facie role in an alleged laundering syndicate. It noted that the ECIR arose from a separate predicate offence, that the material indicated concealment and laundering of proceeds of crime through multiple channels, including foreign entities, and that the stringent Section 45 bail conditions weighed against release. On that basis, the gravity of the accusations and the collected evidence did not justify regular bail. Case-Laws Money Laundering Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460813