https://www.taxtmi.com/caselaws?id=471452 Section 45 of the Prevention of Money Laundering Act requires reasonable grounds to believe that an accused is not guilty of money laundering and is unlikely to commit an offence while on bail. Statements recorded under Section 50 may be considered as admissible material at the bail stage. Financial transactions, property acquisitions through a company, unsecured loans, multiple accounts and links with co-accused may prima facie indicate participation in concealing, acquiring, using or projecting proceeds of crime as untainted. Coordinated transactions and associate involvement may also support a risk of further similar activity. The applicant failed to satisfy either statutory condition for regular bail. en-us Thu, 26 Mar 2026 00:00:00 +0530 Wed, 02 Sep 2026 20:21:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471452 Section 45 of the Prevention of Money Laundering Act requires reasonable grounds to believe that an accused is not guilty of money laundering and is unlikely to commit an offence while on bail. Statements recorded under Section 50 may be considered as admissible material at the bail stage. Financial transactions, property acquisitions through a company, unsecured loans, multiple accounts and links with co-accused may prima facie indicate participation in concealing, acquiring, using or projecting proceeds of crime as untainted. Coordinated transactions and associate involvement may also support a risk of further similar activity. The applicant failed to satisfy either statutory condition for regular bail. Case-Laws Money Laundering Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471452