TaxTMI 
TaxTMI 
Supreme Court denies anticipatory bail in INX Media case over foreign investment irregularities under PMLA, citing investigation concerns.
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....Offence under PMLA - Irregularities in Foreign Investment Promotion Board (FIPB) clearance given to the INX Media for receiving foreign investment above against approved inflow - grant of anticipatory bail to the appellant will hamper the investigation and this is not a fit case for exercise of discretion to grant anticipatory bail to the appellant. - SC....