No Satisfactory Explanation Regarding Huge Fixed Assets and Cash: Patna HC Rejects Bail of Bihar Property Dealer in PMLA Case [Read Order]

Huge-Fixed -Assets - Cash-Patna- HC - Bail - Bihar- Property- Dealer - PMLA -Case-TAXSCAN

The Patna High Court rejected bail of a Bihar property dealer accused of the Prevention of Money Laundering Act, 2002 (PMLA) case as no satisfactory explanation was given regarding the huge fixed assets and cash. It was alleged that accused persons including the petitioner, Chandrama Prasad Singh, have acquired assets by commission of schedule offences…

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