https://www.taxtmi.com/caselaws?id=781562 High Court (HC) dismissed the bail application under the PMLA, holding the arrest lawful and compliant with S.19 and Article 22(1). The court found prima facie involvement of the anonymized petitioner in a syndicate using shell companies to generate bogus GST invoices and launder proceeds, with unexplained credits far exceeding declared income. Applying the rigors of S.45 and the presumption under S.24, the HC concluded release would prejudice the ongoing investigation and that the seriousness, organized nature and scale of the offence negatived grant of bail; application dismissed. en-us Wed, 12 Nov 2025 00:00:00 +0530 Tue, 18 Nov 2025 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781562 High Court (HC) dismissed the bail application under the PMLA, holding the arrest lawful and compliant with S.19 and Article 22(1). The court found prima facie involvement of the anonymized petitioner in a syndicate using shell companies to generate bogus GST invoices and launder proceeds, with unexplained credits far exceeding declared income. Applying the rigors of S.45 and the presumption under S.24, the HC concluded release would prejudice the ongoing investigation and that the seriousness, organized nature and scale of the offence negatived grant of bail; application dismissed. Case-Laws Money Laundering Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781562