TaxTMI 
TaxTMI 
2017 (12) TMI 1795
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.... of the Prevention of Money Laundering Act, 2002 ("PMLA Act", for short). In the earlier application, petitioner contended that she was entitled to bail being woman and sick, in view of the proviso to Section 45(1) of the PMLA Act, which envisaged release of the category of persons, as mentioned in the proviso, on bail without satisfying twin conditions as contained in Section 45(1) of the PMLA Act, that is, (a) issuance of notice to the prosecutor and (b) if the public prosecutor opposed the bail application, accused to satisfy the court with reasonable grounds for believing that he was not guilty of such offence, and that he shall not likely to commit any such offence, while on bail. 2. It is noted that now rigors of twin conditions of S....
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....13(1)(d) of the PMLA read with Section 120-B and 420 IPC registered by the Central Bureau of Investigation (CBI), regarding "kick backs" exchanged in a contract signed by the Ministry of Defence with M/s Augusta Westland International Limited, for supply of 12 numbers of AW 101 VVIP helicopters. It is further contended that all the accused in the predicate offence, who had been arrested, had been released on bail within a maximum period of four months from their arrest. Even main accused Gautam Khaitan in PMLA case was granted bail after 103 days and his wife Ritu Khaitan was not even arrested and was released on bail subsequently on filing of the complaint. Petitioner participated in the investigation and appeared in the office of Enforcem....
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....vely involved in transferring the proceeds of crime through various companies in which she was Director/Managing Director. About 58 million Euros was exchanged as "kick backs" in the Augusta Westland deal. The trail of money is being investigated by the ED. During the investigations, raids were conducted at the office and residence of co-accused Gautam Khaitan and others. Harddisks were seized, various invoices and related documents were also recovered. Scrutiny of the documents revealed the association of petitioner and her husband Rajiv Saxena and other persons in laundering of the money through various companies. Petitioner and her husband are based in Dubai. Proceeds of crime were received through M/s. Interstellar Holdings Pvt. Ltd Mau....