https://www.taxtmi.com/caselaws?id=768754 Delhi HC granted bail to two applicants in a money laundering case involving illegal tender allotment for electromagnetic flow meters worth INR 8.80 crores. The court held that prolonged incarceration without trial violates Article 21 constitutional rights, justifying bail despite PMLA's stringent provisions. While applicants couldn't benefit from the monetary threshold under Section 45(1) proviso due to proceeds exceeding INR 1 crore, they satisfied twin conditions under Section 45(1)(ii). The court found insufficient evidence of tampering likelihood, noting the approver's delayed and uncorroborated threat allegations. Despite prosecution's case based on unsigned Excel sheets and approver statements, the court determined applicants prima facie met bail requirements under constitutional and statutory grounds. en-us Wed, 09 Apr 2025 00:00:00 +0530 Sat, 12 Apr 2025 14:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768754 Delhi HC granted bail to two applicants in a money laundering case involving illegal tender allotment for electromagnetic flow meters worth INR 8.80 crores. The court held that prolonged incarceration without trial violates Article 21 constitutional rights, justifying bail despite PMLA's stringent provisions. While applicants couldn't benefit from the monetary threshold under Section 45(1) proviso due to proceeds exceeding INR 1 crore, they satisfied twin conditions under Section 45(1)(ii). The court found insufficient evidence of tampering likelihood, noting the approver's delayed and uncorroborated threat allegations. Despite prosecution's case based on unsigned Excel sheets and approver statements, the court determined applicants prima facie met bail requirements under constitutional and statutory grounds. Case-Laws Money Laundering Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768754