https://www.taxtmi.com/caselaws?id=794770 Bail under the PMLA was granted because the predicate scheduled offences were not shown to subsist and no proceeds of crime were identified against the applicant. The Court noted that the Himachal Pradesh FIRs had either ended in accepted cancellation reports or cancellation reports had been filed, so there was no independent material showing a continuing scheduled offence linked to the applicant. Mere allegations of unexplained cash or illegality in mineral dealings, without linkage to a scheduled offence, were insufficient to justify continued custody. The applicant had already spent more than 18 months in custody, the investigation was complete, and there was no material showing flight risk, witness intimidation, or evidence tampering. en-us Wed, 01 Jul 2026 00:00:00 +0530 Sat, 11 Jul 2026 08:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794770 Bail under the PMLA was granted because the predicate scheduled offences were not shown to subsist and no proceeds of crime were identified against the applicant. The Court noted that the Himachal Pradesh FIRs had either ended in accepted cancellation reports or cancellation reports had been filed, so there was no independent material showing a continuing scheduled offence linked to the applicant. Mere allegations of unexplained cash or illegality in mineral dealings, without linkage to a scheduled offence, were insufficient to justify continued custody. The applicant had already spent more than 18 months in custody, the investigation was complete, and there was no material showing flight risk, witness intimidation, or evidence tampering. Case-Laws Money Laundering Wed, 01 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794770