https://www.taxtmi.com/caselaws?id=773069 Kerala HC granted regular bail to petitioner in money laundering case involving loan default and fund diversion. Court held that proceeds of crime must be strictly construed and property derived "as a result of" criminal activity. Only Rs. 41,74,526 credited after the scheduled offense date qualified as proceeds of crime, falling under first proviso to Section 45 PMLA allowing bail for amounts under Rs. 1 crore. Co-accused statement insufficient to establish case. Investigation complete, petitioner in custody over five months. Bail granted on Rs. 5 lakh bond with two sureties. en-us Fri, 09 May 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773069 Kerala HC granted regular bail to petitioner in money laundering case involving loan default and fund diversion. Court held that proceeds of crime must be strictly construed and property derived "as a result of" criminal activity. Only Rs. 41,74,526 credited after the scheduled offense date qualified as proceeds of crime, falling under first proviso to Section 45 PMLA allowing bail for amounts under Rs. 1 crore. Co-accused statement insufficient to establish case. Investigation complete, petitioner in custody over five months. Bail granted on Rs. 5 lakh bond with two sureties. Case-Laws Money Laundering Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773069