Offender under PMLA released on bail as prosecution couldn’t establish likelihood of committing offence during bail

FEMA, BANKING amp; INSURANCE : Where applicant had been arrested and remanded to judicial custody for offence under PMLA and there was no doubt about complicity of applicant and there were no reasonable grounds to believe that he was not guilty and prosecution had not been able to establish that there was a likelihood of applicant committing any offence while on bail and fact that fact that money allegedly laundered was less than rupees one crore and applicant was suffering from various illness,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000197933/offender-under-pmla-released-on-bail-as-prosecution-couldn’t-establish-likelihood-of-committing-offence-during-bail.aspx