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2023 (1) TMI 1189 - HC - Money LaunderingMoney Laundering - proceeds of crime - twin conditions as mandated under Section 45 of PML Act satisfied or not - corroborative evidences or not - tampering with the evidences or not - HELD THAT:- From the account of the A1 and A3, the money has been layered and operated the account where the proceeds of crime parked at Hong Kong. Hence, the petitioner parked a sum of Rs.59.47 crores outside the country with the support of money parked outside the country may go underground and as such it is impossible to make him to participate in the trial. Further, there is possibility of tampering with the evidence and influencing the co-accused. That apart, the twin conditions as mandated under Section 45 of PML Act shall apply in this case and the petitioner failed to adduce anything contrary to establish that he is not involved in the offence. Therefore, there is no change of circumstances to consider the present bail petition. This Court is not inclined to grant bail to the petitioner - Petition dismissed.
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