https://www.taxtmi.com/caselaws?id=766411 Regular bail was refused in a serious economic offence where investigation material prima facie linked the applicant to an organised illegal coal levy and extortion network. The Court noted evidence of receipt and handling of large cash amounts, seizure of valuables, purchase of properties in the names of family members and relatives, and no satisfactory explanation for the source of funds. Applying the settled bail approach in economic offences, the Court gave weight to the nature and gravity of the accusations, the prima facie evidence, custodial considerations, and the larger public interest. The bail application was rejected. en-us Thu, 20 Feb 2025 00:00:00 +0530 Tue, 25 Feb 2025 08:24:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766411 Regular bail was refused in a serious economic offence where investigation material prima facie linked the applicant to an organised illegal coal levy and extortion network. The Court noted evidence of receipt and handling of large cash amounts, seizure of valuables, purchase of properties in the names of family members and relatives, and no satisfactory explanation for the source of funds. Applying the settled bail approach in economic offences, the Court gave weight to the nature and gravity of the accusations, the prima facie evidence, custodial considerations, and the larger public interest. The bail application was rejected. Case-Laws Money Laundering Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766411