https://www.taxtmi.com/caselaws?id=461552 The Chhattisgarh HC dismissed a regular bail application in a money laundering case involving illegal liquor commission collection. The applicant was found in possession of proceeds of crime worth Rs. 27.2 crores, used to create fixed deposits through his companies. The court held that PMLA offences are separate and distinct from predicate offences. Despite acknowledging that Section 45 PMLA does not impose absolute restraint on bail, the court could not satisfy the twin test requirements, finding the applicant possessed tainted property and considering the grave nature of charges against societal harmony. en-us Mon, 06 Jan 2025 00:00:00 +0530 Sat, 12 Apr 2025 14:41:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461552 The Chhattisgarh HC dismissed a regular bail application in a money laundering case involving illegal liquor commission collection. The applicant was found in possession of proceeds of crime worth Rs. 27.2 crores, used to create fixed deposits through his companies. The court held that PMLA offences are separate and distinct from predicate offences. Despite acknowledging that Section 45 PMLA does not impose absolute restraint on bail, the court could not satisfy the twin test requirements, finding the applicant possessed tainted property and considering the grave nature of charges against societal harmony. Case-Laws Money Laundering Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461552