https://www.taxtmi.com/caselaws?id=791828 Prima facie material showed scheduled offences, recovery of arms, Section 50 statements and financial transactions through accounts controlled by the petitioner, family members and a trust, so invocation of the Prevention of Money Laundering Act, 2002 was sustained against the accused petitioner. On bail, the Court applied the mandatory twin conditions under Section 45 and the statutory presumption under Section 24, relying on evidence of cash deposits, immediate withdrawals, routing of funds through multiple accounts, and the absence of proper books, audited statements and income tax returns. The petitioner failed to show reasonable grounds for believing he was not guilty or would not reoffend, so bail was declined. en-us Fri, 15 May 2026 00:00:00 +0530 Tue, 19 May 2026 08:18:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791828 Prima facie material showed scheduled offences, recovery of arms, Section 50 statements and financial transactions through accounts controlled by the petitioner, family members and a trust, so invocation of the Prevention of Money Laundering Act, 2002 was sustained against the accused petitioner. On bail, the Court applied the mandatory twin conditions under Section 45 and the statutory presumption under Section 24, relying on evidence of cash deposits, immediate withdrawals, routing of funds through multiple accounts, and the absence of proper books, audited statements and income tax returns. The petitioner failed to show reasonable grounds for believing he was not guilty or would not reoffend, so bail was declined. Case-Laws Money Laundering Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791828