Seeking grant of bail - Money Laundering - reason to believe - ...

Case Laws     Money Laundering

March 5, 2024

Seeking grant of bail - Money Laundering - reason to believe - cessation from the directorship from the above companies - beneficial ownership directly or indirectly through company - The High court held that the evidence clearly showed the petitioner's involvement in money laundering, thereby justifying the denial of bail. The court emphasized the serious nature of the offences and the substantial evidence against the petitioner, including his control over the company involved in the fraudulent transaction.

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