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Issues: Whether the petitioner was entitled to anticipatory bail in a prosecution under the Prevention of Money Laundering Act, 2002, and whether such relief could be granted subject to stringent conditions.
Analysis: The petition was for anticipatory bail under Section 438 of the Code of Criminal Procedure, 1973 in proceedings under the Prevention of Money Laundering Act, 2002. The response of the prosecuting agency indicated that the petitioner may be arrested only if bail was declined and that custodial interrogation was not shown to be indispensable at that stage. The Court balanced the apprehension of misuse of liberty against the right to personal freedom and held that the risk of absconding, influencing witnesses, or tampering with evidence could be controlled through strict conditions. It also treated the proposed bail conditions as permissible so long as they were connected to securing the investigation and recovery process and did not unjustifiably burden liberty.
Conclusion: Anticipatory bail was granted to the petitioner subject to stringent conditions.
Final Conclusion: The petitioner obtained pre-arrest protection, while the investigation, trial process, and recovery-related safeguards were preserved through enforceable bail conditions.
Ratio Decidendi: Anticipatory bail may be granted even in serious economic offences when custodial interrogation is not shown to be necessary, provided the apprehended risks to investigation can be addressed by proportionate and stringent conditions.