https://www.taxtmi.com/highlights?id=91909 HC held that, for bail under PMLA s.45, the court must form an opinion on whether reasonable grounds exist to believe the accusation is prima facie true by examining materials on record without weighing evidence minutely. On the facts, the prosecution failed to demonstrate any documentary nexus between the Applicant and the alleged illegal mining proceeds; reliance on uncorroborated co-accused statements was insufficient. Investigation concerning the Applicant is complete, material seized precludes tampering, and the Applicant had independently disclosed substantial income to tax authorities prior to the prosecution. Balancing these factors and constitutional considerations, the bail petition is allowed; Applicant to be released on bail subject to conditions. en-us Tue, 26 Aug 2025 08:41:04 +0530 Tue, 26 Aug 2025 08:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91909 HC held that, for bail under PMLA s.45, the court must form an opinion on whether reasonable grounds exist to believe the accusation is prima facie true by examining materials on record without weighing evidence minutely. On the facts, the prosecution failed to demonstrate any documentary nexus between the Applicant and the alleged illegal mining proceeds; reliance on uncorroborated co-accused statements was insufficient. Investigation concerning the Applicant is complete, material seized precludes tampering, and the Applicant had independently disclosed substantial income to tax authorities prior to the prosecution. Balancing these factors and constitutional considerations, the bail petition is allowed; Applicant to be released on bail subject to conditions. Highlights Money Laundering Tue, 26 Aug 2025 08:41:04 +0530 https://www.taxtmi.com/highlights?id=91909