2024 (10) TMI 1726 - SCH - Money Laundering

Bail granted under Section 45 PMLA for appellant based on parity with co-accused in illegal betting syndicate case

HC had refused bail under Section 45 PMLA in proceedings concerning a syndicate of illegal betting websites hosted abroad. SC allowed the appeal, finding ... Money Laundering - seeking grant of bail - conglomeration of illegal betting websites, which are hosted from abroad - Section 45 of the PMLA - it was held by High Court that the applicant's bail application is rejected due to the lack of satisfaction of the conditions under Section 45 of the PMLA. HELD THAT:- Considering the role ascribed to the co-accused and the role ascribed to the present appellant, it is found that based on the bail granted to the co-accused, the appellant is entitled to be enlarged on Criminal Appeal @ SLP(Criminal)No. 6013 of 2024 Page 1 of 4 bail. The appellant shall be enlarged on bail on the same terms and conditions which are set out in paragraph 8 of the order dated 3rd October, 2024 in Criminal Appeal No. 4108 of 2024. Appeal allowed. Leave granted. The respondent-Directorate of Enforcement's counter-affidavit setting out the role ascribed to the appellant was considered. Having regard to the order dated 3rd October, 2024 in Criminal Appeal No. 4108 of 2024 concerning a co-accused, and 'considering the role ascribed to the co-accused and the role ascribed to the present appellant,' the Court held that 'based on the bail granted to the co-accused, the appellant is entitled to be enlarged on bail.' The appellant is to be released on bail on the same terms and conditions as set out in paragraph 8 of the 3rd October, 2024 order in Criminal Appeal No. 4108 of 2024. The appellant must be produced before the Special Court within one week to complete bail formalities. The appeal is allowed.