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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. Leave was granted in appeals challenging a common order of the Rajasthan High Court refusing bail to the appellants in an ECIR under Sections 3 and 4 of the Prevention of Money Laundering Act, 2002. The High Court had noted that one appellant was named by the enforcement agency for alleged involvement with co-accused in the Senior Teacher Second Grade Paper Examination, that predicate-offence cases were registered against him, and that both appellants had been in custody since 11.01.2024; it also recorded multiple cases against the other appellant. The Court considered parity with co-accused: one co-accused had been granted bail by the Supreme Court, and another by the High Court. On the combined factors that 'the co-accused have been released on bail' and there was 'every likelihood of the trial taking sufficient time to conclude,' the Court set aside the impugned order insofar as it denied bail and directed release on bail upon furnishing bonds and complying with conditions fixed by the trial court. It clarified that the bail order 'will not be treated as findings on the merits of the case,' and permitted cancellation for non-appearance or breach of conditions.
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