Seeking grant of anticipatory bail - Money Laundering - The ...

CEO Denied Anticipatory Bail in Money Laundering Case Due to Serious Charges and Non-Compliance with Court Summons.

April 5, 2024

Case Laws Money Laundering HC

Seeking grant of anticipatory bail - Money Laundering - The allegations against the applicant, as CEO of a company, included signing agreements facilitating fund transfers, implicating him in money laundering activities. Despite the applicant's arguments regarding his role as a director and the timing of amendments to PMLA provisions, the court found a prima facie case against him. It emphasized the broad scope of PMLA provisions and the continuing nature of money laundering offenses. Additionally, the court highlighted the liability of directors for offenses occurring during their tenure. Due to the seriousness of the allegations, failure to prove innocence, and non-compliance with court summons, the court dismissed the application for anticipatory bail.

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Seeking grant of anticipatory bail - Money Laundering - The ...

CEO Denied Anticipatory Bail in Money Laundering Case Due to Serious Charges and Non-Compliance with Court Summons.

April 5, 2024

Case Laws Money Laundering HC

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