https://www.taxtmi.com/caselaws?id=796723 Regular bail under the Prevention of Money Laundering Act requires reasonable grounds to believe that the accused is not guilty and unlikely to commit an offence while on bail. Alleged undervalued asset sales through revoked board resolutions, diversion and concealment of unaccounted proceeds, and use of court-permitted liquidation to generate unrecorded cash were treated as potential money-laundering conduct rather than merely corporate or civil irregularities. Digital material and an unresolved money trail did not satisfy the statutory conditions. Alleged defects in electronic evidence, age, health, detention period and parity did not displace concerns regarding the distinct role, absconding co-accused, ongoing investigation, witness intimidation and evidence manipulation; regular bail was refused. en-us Fri, 24 Jul 2026 00:00:00 +0530 Mon, 10 Aug 2026 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796723 Regular bail under the Prevention of Money Laundering Act requires reasonable grounds to believe that the accused is not guilty and unlikely to commit an offence while on bail. Alleged undervalued asset sales through revoked board resolutions, diversion and concealment of unaccounted proceeds, and use of court-permitted liquidation to generate unrecorded cash were treated as potential money-laundering conduct rather than merely corporate or civil irregularities. Digital material and an unresolved money trail did not satisfy the statutory conditions. Alleged defects in electronic evidence, age, health, detention period and parity did not displace concerns regarding the distinct role, absconding co-accused, ongoing investigation, witness intimidation and evidence manipulation; regular bail was refused. Case-Laws Money Laundering Fri, 24 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796723