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of <h1>Money-laundering case custody and bail parity with co-accused, as trial delays loom; bail granted, denial set aside</h1> In appeals concerning bail in proceedings under the money-laundering law, the SC considered whether continued custody was justified despite the HC's ... Money Laundering - rejection of appellants’ prayer for bail - High Court observed that three cases had been registered against appellant and that he is in custody since 11th January, 2024 - HELD THAT:- Having regard to the fact that the co-accused have been released on bail and that there is every likelihood of the trial taking sufficient time to conclude, it is inclined to accept the present appeals. The impugned judgment and order set aside to the extent the same refuses to enlarge the appellants on bail - Appellants shall be released on bail, subject to furnishing of bail bonds to the satisfaction of the trial court as well as on such terms and conditions as may be imposed by it. Appeal allowed. Issues: Whether the appellants confined in connection with proceedings under Sections 3 and 4 of the Prevention of Money Laundering Act, 2002 are entitled to be released on bail having regard to the release of co-accused on bail and the likely protracted duration of trial.Analysis: The Court examined the appellants' custodial status, the fact that co-accused have been granted bail, and the likelihood that the trial will require substantial time to conclude. The Court evaluated the appropriateness of bail subject to usual safeguards, including furnishing of bail bonds and compliance with conditions that the trial court may impose. The Court also noted that the grant of bail in this order is without any determination on the merits of the underlying allegations under Sections 3 and 4 of the Prevention of Money Laundering Act, 2002.Conclusion: The appeals are allowed and the appellants are directed to be released on bail on furnishing bail bonds and subject to such terms and conditions as the trial court may impose; observations in the order and grant of bail shall not operate as findings on merits.
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