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Issues: Whether the petitioner was entitled to bail under Section 436A of the Code of Criminal Procedure, 1973 in a prosecution under the Prevention of Money Laundering Act, 2002, despite prolonged custody and alleged delay in trial.
Analysis: The prayer for bail was tested against the statutory framework of Section 436A, which permits release of an undertrial after completion of one-half of the maximum sentence, but also authorises continued detention for reasons recorded in writing and bars detention only beyond the maximum sentence. The Court found that the prosecution alleged a grave economic offence under the Prevention of Money Laundering Act, 2002, and that the record disclosed repeated steps by the accused, including bail and discharge applications and other petitions, which contributed to delay in the progress of the trial. In that backdrop, the Court accepted the view that the proviso to Section 436A was attracted and that continued custody was justified pending trial.
Conclusion: Bail was refused and the petitioner was not entitled to release under Section 436A of the Code of Criminal Procedure, 1973 at that stage.