PMLA bail restrictions led to refusal of release where allegations involved corruption, embezzlement, and diversion of public funds.

Bail under the Prevention of Money Laundering Act, 2002 was refused because the allegations disclosed a large-scale corruption and money-laundering operation involving misuse of official position and diversion of public funds. The Court considered the applicant's role as Executive Engineer, the gravity of the offence, the alleged embezzlement, and the statutory bail restrictions applicable under the money-laundering law, and found no reason to exercise discretion in favour of release. The application was rejected.

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Issues: Whether the applicant was entitled to bail in a prosecution under the Prevention of Money Laundering Act, 2002.

Analysis: The allegations arose out of a large-scale corruption and money-laundering case involving misuse of official position and alleged diversion of public funds. The Court noted the applicant's role as Executive Engineer, the gravity of the offence, the alleged embezzlement, and the applicability of the statutory bail restrictions under the money-laundering law. On the material placed before it, the Court found no reason to exercise discretion in favour of release.

Conclusion: Bail was not granted and the application was rejected.

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