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Issues: Whether the petitioner, accused of corruption-related offences, was entitled to bail having regard to the gravity of the allegations, the nature of the evidence and recoveries, the apprehension of tampering with evidence or influencing witnesses, the stage of investigation, the allegation of discriminatory treatment in investigation, and the petitioner's medical condition.
Analysis: The Court balanced the seriousness of the corruption allegations against the settled principles governing bail, namely the gravity of the offence, the likelihood of the accused submitting to the process of law, and the risk of interference with fair investigation or trial. It noted that substantial evidence was in the form of recoveries and documentary material, that the statements of witnesses had already been recorded, and that the investigation was largely complete. The Court further held that the petitioner's position and influence could not, by themselves, justify continued incarceration, especially when suitable conditions could protect the process and cancellation could be sought if misuse occurred. The unequal treatment of a co-accused named in the FIR was also treated as a relevant circumstance, and the petitioner's medical history and prolonged custody were considered additional factors. At the same time, the Court rejected reliance on the absence of a separate charge under Section 13(1)(e) and on the non-compliance argument based on Section 6A as grounds to deny bail.
Conclusion: The petitioner was entitled to bail.
Ratio Decidendi: In a non-bailable corruption case, bail may be granted where investigation is substantially complete, the evidence is largely documentary or recovery-based, and the risk of interference can be controlled by conditions, because pre-trial detention cannot be used as punishment.