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Issues: Whether bail should be granted to the accused on medical grounds despite allegations of cheating, misappropriation, and money laundering arising out of multiple connected cases.
Analysis: The material showed that the accused was facing allegations of collection of large deposits, diversion of funds into other businesses, and use of the proceeds in a manner attracting the money-laundering provisions. The Court also noted the pendency of monitoring proceedings by the Division Bench, seizure of properties, appointment of an Administrator and Competent Authority, and completion of investigation with filing of the complaint. Against this, the medical records indicated multiple serious ailments, including diabetes-related issues, depression, hypothyroidism, urinary and prostate-related complications, and the need for specialised treatment not adequately available in custody.
Conclusion: Bail was granted on medical grounds, and the accused was directed to be released subject to conditions.
Ratio Decidendi: Where an accused in an economic offence establishes a pressing medical need for specialised treatment and the investigation is complete, bail may be granted on medical grounds notwithstanding the seriousness of the allegations.