Vedansh Singhal, Vivekananda Institute of Professional Studies, GGSIP University, New Delhi
ABSTRACT
Money laundering, in common parlance, is banned everywhere, whether a country is at a developing or developed stage. The most typical money laundering stratagem is to camouflage criminal proceeds as legitimate. Money laundering essentially threatens the economic development of a nation. It can be referred to as money laundering, where a wide range of acts is involved, for example, fraud involving banks, misuse of public funds, and earnings through illegal means among others. Parliament enacted the Prevention of Money Laundering Act, 2002 in India to counter the menace and proliferation of money laundering and to provide for the confiscation of property derived from or involved in money laundering.1 The present research article explores the labyrinth of PMLA, focusing on the complexities pertaining to the concept of bail in the said act through the analysis of diverse facets of statutory provisions, interpretation, and landmark judgments.
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