https://www.taxtmi.com/caselaws?id=777112 The HC dismissed the petitioner's bail application under Section 439 CrPC in a PMLA prosecution, finding the petitioner failed to satisfy the statutory twin conditions of Section 45. The court held there is prima facie material-bank analysis, audit reports, statements, and cash seizure-indicating involvement in laundering proceeds of scheduled offences; the presumption under Section 24 places the burden on the petitioner to disprove proceeds of crime. Delay in custody was held insufficient to override the gravity of allegations, and the application was therefore dismissed. en-us Wed, 20 Aug 2025 00:00:00 +0530 Mon, 25 Aug 2025 08:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777112 The HC dismissed the petitioner's bail application under Section 439 CrPC in a PMLA prosecution, finding the petitioner failed to satisfy the statutory twin conditions of Section 45. The court held there is prima facie material-bank analysis, audit reports, statements, and cash seizure-indicating involvement in laundering proceeds of scheduled offences; the presumption under Section 24 places the burden on the petitioner to disprove proceeds of crime. Delay in custody was held insufficient to override the gravity of allegations, and the application was therefore dismissed. Case-Laws Money Laundering Wed, 20 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777112