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HC denied bail in a money laundering case, finding the applicant failed to satisfy the twin conditions under Section 45 of PMLA. The Court determined there was substantial evidence of the applicant's active participation in orchestrating a liquor scam, acquiring proceeds of crime, and maintaining strong nexus with co-accused. Despite the applicant's lengthy incarceration and trial delays, the Court held that the serious nature of allegations, completed investigation resulting in prosecution complaints spanning 20,000 pages, and the applicant's role as the orchestrator of the scheme outweighed considerations for bail. The bail application under Section 483 BNSS read with Section 45 PMLA was rejected.
HC denied bail in a money laundering case, finding the applicant failed to satisfy the twin conditions under Section 45 of PMLA. The Court determined there was substantial evidence of the applicant's active participation in orchestrating a liquor scam, acquiring proceeds of crime, and maintaining strong nexus with co-accused. Despite the applicant's lengthy incarceration and trial delays, the Court held that the serious nature of allegations, completed investigation resulting in prosecution complaints spanning 20,000 pages, and the applicant's role as the orchestrator of the scheme outweighed considerations for bail. The bail application under Section 483 BNSS read with Section 45 PMLA was rejected.
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