Bail application rejected in money laundering case involving ...

Job fraud money laundering case: Bail granted after 15 months despite strict PMLA provisions.

Case Laws Money Laundering

September 27, 2024

Bail application rejected in money laundering case involving collection of large amounts by promising job opportunities, offences under IPC and Prevention of Corruption Act. Main evidence is pen drive seized showing incriminatory material, prima facie deposit of Rs. 1.34 crores in appellant's account. Delay in disposal of cases discussed, existence of scheduled offence necessary for proceeds of crime under PMLA. Higher threshold for bail in certain penal statutes like PMLA to secure objects. Expeditious trial warranted considering stringent bail provisions. Appellant incarcerated for 15 months, trial unlikely to conclude in 3-4 years, amounting to infringement of right to speedy trial under Article 21. Appellant enlarged on bail subject to conditions.

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Bail application rejected in money laundering case involving ...

Job fraud money laundering case: Bail granted after 15 months despite strict PMLA provisions.

Case Laws Money Laundering

September 27, 2024

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