https://www.taxtmi.com/caselaws?id=465060 Bail under the Prevention of Money Laundering Act, 2002 was refused because the prosecution material, including Section 50 statements, financial trail evidence, and surrounding circumstances, showed a prima facie nexus between the petitioner and the alleged laundering of proceeds of crime. The Court held that the twin conditions under Section 45 were not satisfied and that the proviso to Section 45(1) did not assist the petitioner, as the alleged amount exceeded the threshold and no case for discretion was made out. Pleas based on parity, delay in investigation, absence from the predicate offence, and retraction of statements were found insufficient. en-us Tue, 26 Aug 2025 00:00:00 +0530 Wed, 03 Dec 2025 21:22:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465060 Bail under the Prevention of Money Laundering Act, 2002 was refused because the prosecution material, including Section 50 statements, financial trail evidence, and surrounding circumstances, showed a prima facie nexus between the petitioner and the alleged laundering of proceeds of crime. The Court held that the twin conditions under Section 45 were not satisfied and that the proviso to Section 45(1) did not assist the petitioner, as the alleged amount exceeded the threshold and no case for discretion was made out. Pleas based on parity, delay in investigation, absence from the predicate offence, and retraction of statements were found insufficient. Case-Laws Money Laundering Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465060