HC denies bail in money laundering case involving fraudulent ...

Accused Fails to Prove Innocence in Money Laundering Case, Bail Denied Under PMLA Section 45 Statutory Provisions

April 8, 2025

Case Laws Money Laundering HC

HC denies bail in money laundering case involving fraudulent land transactions. The court found prima facie evidence of criminal activities through cash transactions, land sales, and suspicious financial dealings. The petitioner's involvement in proceeds of crime under PMLA was substantiated by investigation findings, including admissions of financial transactions and connections with co-accused. The court rejected arguments of completed investigation and principles of parity, emphasizing that charge-sheet filing does not automatically entitle bail. Applying statutory tests under Section 45 of PMLA, the court concluded the petitioner failed to demonstrate innocence and posed potential risk of further criminal activities. Consequently, the bail application was dismissed, maintaining judicial custody.

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HC denies bail in money laundering case involving fraudulent ...

Accused Fails to Prove Innocence in Money Laundering Case, Bail Denied Under PMLA Section 45 Statutory Provisions

April 8, 2025

Case Laws Money Laundering HC

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