Money Laundering - proceeds of crime - scheduled offence - alleged money scam - twin conditions of grant of bail-Section 45(1) of the PMLA satisfied or not.

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....heduled offence - alleged money scam - twin conditions of grant of bail, section 45(1) of the PMLA satisfied or not. The law in regard to grant or refusal of bail is well-settled. The considerations which normally weigh with the court in granting bail in non-bailable offences are:- * the nature and seriousness of the offence; * the character of the evidence; * circumstances which are pecul....

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....g that the accused is not guilty of the offence charged. Twin conditions for granting bail are - (i). that the Public Prosecutor shall be allowed to oppose the application for release, and (ii). where the Public Prosecutor opposes application, the Court should be satisfied that there are reasonable grounds for believing that the accused is not guilty of the offence and if released on bail is not ....