https://www.taxtmi.com/caselaws?id=776885 Regular bail under the Prevention of Money Laundering Act was declined in a prosecution alleging large-scale money laundering and bank fraud through shell entities and falsified accounts. The Court treated the gravity of the economic offence, the rigour of Section 45, the stage of proceedings, the alleged risk of witness influence and the applicant's medical condition as decisive factors. It found that the twin conditions for bail were not satisfied and that the material did not show reasonable grounds to believe the applicant was not guilty. The medical plea was rejected because the ailment could be managed in custody, and continued detention was considered justified pending trial. en-us Tue, 19 Aug 2025 00:00:00 +0530 Thu, 21 Aug 2025 08:35:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776885 Regular bail under the Prevention of Money Laundering Act was declined in a prosecution alleging large-scale money laundering and bank fraud through shell entities and falsified accounts. The Court treated the gravity of the economic offence, the rigour of Section 45, the stage of proceedings, the alleged risk of witness influence and the applicant's medical condition as decisive factors. It found that the twin conditions for bail were not satisfied and that the material did not show reasonable grounds to believe the applicant was not guilty. The medical plea was rejected because the ailment could be managed in custody, and continued detention was considered justified pending trial. Case-Laws Money Laundering Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776885