Grant of bail - money laundering - proceeds of crime - The court ...

Case Laws Money Laundering

March 20, 2024

Grant of bail - money laundering - proceeds of crime - The court noted substantial evidence indicating that Satyendar Kumar Jain conceptualized and orchestrated the accommodation entries, implicating him in money laundering activities. The court highlighted testimonies and documents that pointed to Jain's direct and indirect control over the involved companies - The Supreme Court dismissed all appeals, upholding the High Court's rejection of bail. The judgment reaffirms the stringent bail conditions under the PMLA and underscores the court's stance on tackling money laundering activities, especially those involving complex corporate structures and high-profile individuals.

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Grant of bail - money laundering - proceeds of crime - The court ...

Case Laws Money Laundering

March 20, 2024

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