https://www.taxtmi.com/highlights?id=105010 Compromise-based quashing of a predicate FIR does not by itself eliminate proceeds of crime for money-laundering proceedings; the relevant inquiry concerns the underlying crime that generated those proceeds. Bail granted after treating the compromise quashing as conclusive was set aside. Serious allegations, an undetermined extent of alleged money laundering, and an incomplete investigation attracted the statutory rigour governing bail under the Prevention of Money Laundering Act. Bail for the other accused was refused, while both accused may seek regular bail after completion of the investigation. en-us Thu, 15 Oct 2026 05:44:05 +0530 Thu, 15 Oct 2026 05:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105010 Compromise-based quashing of a predicate FIR does not by itself eliminate proceeds of crime for money-laundering proceedings; the relevant inquiry concerns the underlying crime that generated those proceeds. Bail granted after treating the compromise quashing as conclusive was set aside. Serious allegations, an undetermined extent of alleged money laundering, and an incomplete investigation attracted the statutory rigour governing bail under the Prevention of Money Laundering Act. Bail for the other accused was refused, while both accused may seek regular bail after completion of the investigation. Highlights Money Laundering Thu, 15 Oct 2026 05:44:05 +0530 https://www.taxtmi.com/highlights?id=105010