https://www.taxtmi.com/caselaws?id=466362 Bail under the Prevention of Money Laundering Act was refused because release is permissible only if the court is satisfied that there are reasonable grounds to believe the accused is not guilty and will not commit an offence while on bail. The record showed investigation linked to the scheduled offence, recorded conversations with public officials, transfer of substantial funds into the applicant's accounts from the concerned firms, and no satisfactory explanation for those funds. The pendency of investigation in the scheduled offence, and the absence of a charge-sheet there, did not by itself defeat proceedings under the money-laundering law. The applicant was not entitled to bail. en-us Tue, 11 Jun 2024 00:00:00 +0530 Tue, 03 Feb 2026 17:22:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466362 Bail under the Prevention of Money Laundering Act was refused because release is permissible only if the court is satisfied that there are reasonable grounds to believe the accused is not guilty and will not commit an offence while on bail. The record showed investigation linked to the scheduled offence, recorded conversations with public officials, transfer of substantial funds into the applicant's accounts from the concerned firms, and no satisfactory explanation for those funds. The pendency of investigation in the scheduled offence, and the absence of a charge-sheet there, did not by itself defeat proceedings under the money-laundering law. The applicant was not entitled to bail. Case-Laws Money Laundering Tue, 11 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466362