Supreme Court Grants Bail to 68-Year-Old Money Laundering Accused Due to Critical Health Conditions. The SC granted bail to the petitioner, accused of money laundering under the PMLA, due to significant medical conditions, pursuant to the Proviso to ...
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Supreme Court Grants Bail to 68-Year-Old Money Laundering Accused Due to Critical Health Conditions.
The SC granted bail to the petitioner, accused of money laundering under the PMLA, due to significant medical conditions, pursuant to the Proviso to Section 45. The petitioner, aged 68, with severe health issues, was ordered released under standard bail conditions, including passport seizure and cooperation in the investigation. The SLP and pending applications were disposed of accordingly.
Issues Involved: Bail under Proviso to Section 45 of the Prevention of Money Laundering Act, 2002 based on medical condition of the accused.
Summary: The Supreme Court, comprising HON'BLE MR. JUSTICE SUDHANSHU DHULIA and HON'BLE MR. JUSTICE PRASANNA BHALACHANDRA VARALE, heard a case involving the petitioner, an accused in a money laundering case under Section 3 read with Section 4 of the Prevention of Money-Laundering Act, 2002. The petitioner, Abdul Rasheed @ A.R. Babu, sought bail citing medical conditions and assets worth over Rs. 100 crores attached by the Enforcement Directorate due to alleged loan default and improper investment of funds from property sale.
Upon considering the facts, the Court found merit in granting bail to the petitioner due to his medical condition, as per the Proviso to Section 45 of the Act. The petitioner, aged 68, with health issues including a dead pancreatic gland, insulin pump dependency, prostate ailments, and high blood pressure, was ordered to be released from jail subject to standard bail conditions. Additionally, his passport was to be seized, one surety required to be a close blood relative, and cooperation in the investigation mandated.
The Court disposed of the special leave petition and any pending applications in light of the above decision.
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