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Issues: Whether the petitioner was entitled to bail in the prosecution under the Prevention of Money Laundering Act, 2002 in the light of the law governing Section 45(1).
Analysis: The petitioner had already spent time in custody in the predicate offences, the charge sheet in the PMLA case had been filed, and the High Court had not taken into account the decision explaining the constitutional position of Section 45(1) of the Prevention of Money Laundering Act, 2002. On the facts placed before it, the Court found that bail was warranted.
Conclusion: The petitioner was held entitled to bail, subject to conditions imposed by the Court.
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