https://www.taxtmi.com/caselaws?id=461052 The court dismissed the accused-petitioner's bail application under Section 45 of the PMLA, finding sufficient material to substantiate allegations of illegal tender acquisition and money laundering. Despite arguments regarding age and health, the court emphasized the mandatory nature of bail provisions under the PMLA and the need to satisfy its twin conditions. Evidence, including witness statements and financial records, supported the allegations, leading to the conclusion that the petitioner did not qualify for bail. en-us Mon, 02 Dec 2024 00:00:00 +0530 Mon, 10 Mar 2025 01:50:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461052 The court dismissed the accused-petitioner's bail application under Section 45 of the PMLA, finding sufficient material to substantiate allegations of illegal tender acquisition and money laundering. Despite arguments regarding age and health, the court emphasized the mandatory nature of bail provisions under the PMLA and the need to satisfy its twin conditions. Evidence, including witness statements and financial records, supported the allegations, leading to the conclusion that the petitioner did not qualify for bail. Case-Laws Money Laundering Mon, 02 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461052