https://www.taxtmi.com/caselaws?id=465618 Regular bail under the PMLA was sought in a money-laundering case alleging involvement with "proceeds of crime" arising from criminal activity relatable to a scheduled offence. Applying the construction of "proceeds of crime" in SC authority, the HC held that property directly or indirectly derived from any criminal activity connected with the scheduled offence falls within Section 2(1)(u), and that bail must satisfy the twin conditions under Section 45, reinforced by the presumption and reverse burden under Section 24. On the material collected, including statements recorded under Section 50 (admissible per SC), the Court found prima facie involvement and no change in circumstances after earlier rejection on merits; bail was refused and the application dismissed. en-us Fri, 25 Apr 2025 00:00:00 +0530 Thu, 01 Jan 2026 12:07:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465618 Regular bail under the PMLA was sought in a money-laundering case alleging involvement with "proceeds of crime" arising from criminal activity relatable to a scheduled offence. Applying the construction of "proceeds of crime" in SC authority, the HC held that property directly or indirectly derived from any criminal activity connected with the scheduled offence falls within Section 2(1)(u), and that bail must satisfy the twin conditions under Section 45, reinforced by the presumption and reverse burden under Section 24. On the material collected, including statements recorded under Section 50 (admissible per SC), the Court found prima facie involvement and no change in circumstances after earlier rejection on merits; bail was refused and the application dismissed. Case-Laws Money Laundering Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465618