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Granting bail, the Court held that assets acquired before scheduled offence period cannot be treated as proceeds of crime under PMLA without a temporal nexus to alleged criminal activity. Court found no such link for the petitioner’s overseas assets.
The Andhra Pradesh High Court granted anticipatory bail to a wife accused in a financial misappropriation case, holding that mere marital relationship does not establish conspiracy without proof of involvement in business transactions. The ruling reinforces that individualized culpability is essential under BNSS Section 482, even in offences involving family members.
Bombay High Court rules that former directors cannot be held liable under the MPID and BUDS Acts for company misconduct post-resignation unless personal misappropriation is proven. The judgment clarifies the limited scope of director liability in financial offences, offering critical protection for ex-directors facing criminal charges.