Seeking grant of bail - Money Laundering - The case revolves ...

Bail Denied for Applicant Linked to Money Laundering Allegations Due to Risk and Insufficient Proof of Innocence.

May 16, 2024

Case Laws Money Laundering HC

Seeking grant of bail - Money Laundering - The case revolves around multiple FIRs implicating the firm M/s. Vikas Construction and related entities. Despite the applicant's claims of no involvement, substantial evidence of financial transactions linked the applicant to proceeds of crime. The court scrutinized these transactions and found patterns indicative of money laundering. Applying the twin conditions of Section 45 of the PMLA, the court concluded that the applicant failed to demonstrate he was not guilty and posed risks if released on bail. Consequently, the court rejected the bail application.

View Source

← Previous Next →

Seeking grant of bail - Money Laundering - The case revolves ...

Bail Denied for Applicant Linked to Money Laundering Allegations Due to Risk and Insufficient Proof of Innocence.

May 16, 2024

Case Laws Money Laundering HC

You may also like:

The court rejected the bail application u/s 45 of the PMLA, finding reasonable grounds to believe the applicant was involved in money laundering related to proceeds from...

Seeking grant of bail - Money Laundering - The Court observed that the applicant held directorial positions in companies allegedly involved in fraudulent activities. The...

Seeking grant of anticipatory bail - This case revolves around allegations of a sophisticated money laundering scheme linked to illegal coal levy collection. The court...

The HC denied bail to the applicant accused of money laundering and collecting illegal bribes while controlling high-level management of State departments and public...

HC denied bail in a money laundering case, finding the applicant failed to satisfy the twin conditions under Section 45 of PMLA. The Court determined there was...

Seeking grant of anticipatory bail - Money Laundering - The allegations against the applicant, as CEO of a company, included signing agreements facilitating fund...

This summary pertains to a case involving the grant of regular bail in a money laundering case related to proceeds of crime from a scheduled offence of cheating and...

The court dismissed the third bail application filed u/s 439 of the Code of Criminal Procedure, 1973, in a case involving money laundering and illegal extortion on coal...

Money Laundering - seeking grant of bail - offence of fraud and forgery of valuable securities, etc. - twin conditions u/s 45 of PMLA satisfied or not - The High Court...

Money Laundering - Seeking grant of bail - Practicing chartered accountant (CA) - allegation of assisting the co-accused to convert the tainted money into untainted...

HC granted bail in a money laundering case where the accused was charged with signing fabricated invoices while serving as Dean of Covid Centers. Despite ED's arrest...

The High Court considered a bail application u/s 19 of PMLA in a money laundering case. The Court noted material evidence including interception of betel nuts, witness...

HC dismissed the bail application in a money laundering case related to proceeds from Mahadev online book. The court found sufficient prima facie evidence of the...

The High Court granted bail to the applicant Padam Singhee in a money laundering case under the Prevention of Money Laundering Act (PMLA). The applicant was accused of...

Seeking grant of regular bail - Money Laundering - Allegation of indulging in paper/bogus sales and purchase of goods, even though there was no actual movement of goods...

Quick Updates: