Bail Granted for Petitioner in Money Laundering Case; Conditions Include Regular Court Appearance to Prevent Delays. The petitioner was granted bail by the Addl. Judicial Commr.-XVIII-cum-Special Judge, PMLA, Ranchi, in connection with ECIR No.02/2020 under the ...
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Bail Granted for Petitioner in Money Laundering Case; Conditions Include Regular Court Appearance to Prevent Delays.
The petitioner was granted bail by the Addl. Judicial Commr.-XVIII-cum-Special Judge, PMLA, Ranchi, in connection with ECIR No.02/2020 under the Prevention of Money Laundering Act, 2002. The Court noted the absence of custodial interrogation and the co-accused's bail status. Bail was granted upon furnishing bail bonds, with conditions to appear regularly before the Trial Court and not delay proceedings. The Special Leave Petition was disposed of accordingly.
Issues: Enlargement on bail in connection with ECIR No.02/2020 for alleged offence under Prevention of Money Laundering Act, 2002.
Analysis: The petitioner sought enlargement on bail in connection with ECIR No.02/2020, arising from ECIR No. RNSZO/02/2017 for the alleged offence under Section 3 read with Section 4 of the Prevention of Money Laundering Act, 2002, pending in the Court of the Additional Judicial Commissioner-XVIII-cum-Special Judge, PMLA, Ranchi, Jharkhand. It was noted that during the investigation, the prosecution did not find it necessary to subject the petitioner to custodial interrogation or arrest for judicial custody. The first report was filed on 08-05-2020, and the petitioner surrendered on 03-11-2021, remaining in custody since then.
It was acknowledged that the co-accused had already been enlarged on bail by the Court. After hearing the arguments from both sides and considering that retaining the petitioner in judicial custody would serve no meaningful purpose, the Court, without expressing any opinion on the case's merits, decided to enlarge the petitioner on bail. The Court noted that the trial's conclusion is likely to take a reasonable amount of time.
The Court directed the petitioner to be released on bail, subject to furnishing bail bonds to the satisfaction of the learned Special Judge. Additionally, the petitioner was instructed to continue appearing before the Trial Court regularly and not prolong the trial. The Special Leave Petition was disposed of accordingly, with the petitioner being granted bail under the specified conditions.
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