https://www.taxtmi.com/caselaws?id=468109 A prosecution under the Prevention of Money-Laundering Act, 2002 involved alleged diversion of compensation amounts and routing of funds through accounts of advocates and associates. Section 3 was treated as creating an independent offence covering concealment, possession, acquisition, use and projection of proceeds of crime as untainted property. Section 45 imposed a stringent bail restraint, requiring reasonable grounds to believe the accused is not guilty and is not likely to reoffend on bail. On the prima facie material, the Court found involvement in laundering activity and held that the bail threshold was not met; bail was refused. en-us Thu, 29 Jan 2026 00:00:00 +0530 Thu, 16 Apr 2026 19:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468109 A prosecution under the Prevention of Money-Laundering Act, 2002 involved alleged diversion of compensation amounts and routing of funds through accounts of advocates and associates. Section 3 was treated as creating an independent offence covering concealment, possession, acquisition, use and projection of proceeds of crime as untainted property. Section 45 imposed a stringent bail restraint, requiring reasonable grounds to believe the accused is not guilty and is not likely to reoffend on bail. On the prima facie material, the Court found involvement in laundering activity and held that the bail threshold was not met; bail was refused. Case-Laws Money Laundering Thu, 29 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468109