PMLA | Money Laundering Impedes Progress Of Nation, Rigours Of Bail U/S 45 Must Not Be Overlooked: Punjab & Haryana High Court

The Punjab and Haryana High Court has declined bail to a man accused of money laundering involving a financial fraud amounting to Rs.1626.7 crore, observing that rigours of Section 45 of the Prevention of Money Laundering Act (PMLA) lay down an exceptionally high yardstick for granting bail.As per Section 45, bail can be granted to an accused in a money laundering case only if twin conditions...