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2021 (11) TMI 233 - HC - Money LaunderingGrant of anticipatory bail - Proceeds of crime - cheating the investors - recipient of crime - Sections 3 read with Section 70 of Prevention of Money Laundering Act, 2002 and punishable under Section 4 of Prevention of Money Laundering Act, 2002 - HELD THAT:- Considering the serious allegations against the petitioner and in the absence of any material to suggest that the petitioner is not guilty of the offence and that he is not likely to commit any offence, while on bail, this Court is of the considered view that this is not a fit case, where the privilege of anticipatory bail be given to the petitioner. The prayer for anticipatory bail of the petitioner is rejected - Application dismissed.
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