https://www.taxtmi.com/news?id=36008 The bail petition of alleged middleman Christian Michel in the AgustaWestland money laundering probe is scheduled for judgment, with the ED opposing bail under the Prevention of Money Laundering Act on grounds that the applicant fails the statutory twin tests and is a flight risk, while the defence cites prolonged custody-over six years against a maximum PMLA term of seven years-and prior grant of bail in a related criminal probe; the matter involves extradition, parallel chargesheets alleging receipt of payments from the supplier, and an asserted loss to the exchequer. en-us Tue, 04 Mar 2025 11:16:03 +0530 Tue, 04 Mar 2025 11:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36008 The bail petition of alleged middleman Christian Michel in the AgustaWestland money laundering probe is scheduled for judgment, with the ED opposing bail under the Prevention of Money Laundering Act on grounds that the applicant fails the statutory twin tests and is a flight risk, while the defence cites prolonged custody-over six years against a maximum PMLA term of seven years-and prior grant of bail in a related criminal probe; the matter involves extradition, parallel chargesheets alleging receipt of payments from the supplier, and an asserted loss to the exchequer. News - Tue, 04 Mar 2025 11:16:03 +0530 https://www.taxtmi.com/news?id=36008