Bail in money laundering case granted where long cooperation, limited allegations, and no misuse of liberty justified release.

Bail was granted in a prosecution under the Prevention of Money Laundering Act, 2002 because the applicant had cooperated with the investigation for a long period, was never taken into custody during investigation, and was already on bail in the scheduled offence. The Court found no strong, specific allegations justifying continued incarceration, noted that the investigation had continued for several years before the complaint was filed, and observed that the applicant had not misused liberty. The case against him rested substantially on general allegations and limited material, so continued detention was not warranted.

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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 applicant had cooperated with the investigation for a long period, had not been taken into custody during the investigation, and was already on bail in the scheduled offence. The material placed did not disclose strong, specific allegations warranting continued incarceration, and the investigation had continued for several years before the complaint was filed. The Court also noted that the applicant had not misused liberty and that the case against him rested substantially on general allegations and limited material.

Conclusion: The applicant was entitled to bail.

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