https://www.taxtmi.com/caselaws?id=466993 PMLA proceedings may continue where later FIRs linked to the same alleged loan fraud support the existence of proceeds of crime, despite acceptance of a C-Summary in the original FIR. Setting aside a test audit report does not by itself dismantle the prosecution case when other material, including loan transactions and the money trail, remains available. For bail under the PMLA, the Court applied the twin-condition framework, found only limited prima facie linkage to the alleged proceeds, noted the absence of antecedents and prolonged custody, and granted bail with conditions. en-us Thu, 25 Jul 2024 00:00:00 +0530 Sun, 01 Mar 2026 09:47:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466993 PMLA proceedings may continue where later FIRs linked to the same alleged loan fraud support the existence of proceeds of crime, despite acceptance of a C-Summary in the original FIR. Setting aside a test audit report does not by itself dismantle the prosecution case when other material, including loan transactions and the money trail, remains available. For bail under the PMLA, the Court applied the twin-condition framework, found only limited prima facie linkage to the alleged proceeds, noted the absence of antecedents and prolonged custody, and granted bail with conditions. Case-Laws Money Laundering Thu, 25 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466993