https://www.taxtmi.com/caselaws?id=783105 The HC dismissed the applicant's bail plea under Section 483 BNSS r/w Section 45 PMLA, holding that stringent twin conditions under PMLA were not satisfied. The Court found a strong prima facie case of money laundering and scheduled offences under the Bharatiya Nyaya Sanhita, noting that bank accounts, including those of shell entities and APMC-linked accounts, constituted "property" used for laundering illicit funds. The applicant and co-accused wrongfully controlled victims' bank accounts, filled in blank cheques as unauthorized payees, and derived wrongful gain. Given the gravity of the offence, risk of tampering with evidence, and likelihood of reoffending, the applicant was denied bail. en-us Fri, 05 Dec 2025 00:00:00 +0530 Wed, 10 Dec 2025 08:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783105 The HC dismissed the applicant's bail plea under Section 483 BNSS r/w Section 45 PMLA, holding that stringent twin conditions under PMLA were not satisfied. The Court found a strong prima facie case of money laundering and scheduled offences under the Bharatiya Nyaya Sanhita, noting that bank accounts, including those of shell entities and APMC-linked accounts, constituted "property" used for laundering illicit funds. The applicant and co-accused wrongfully controlled victims' bank accounts, filled in blank cheques as unauthorized payees, and derived wrongful gain. Given the gravity of the offence, risk of tampering with evidence, and likelihood of reoffending, the applicant was denied bail. Case-Laws Money Laundering Fri, 05 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783105