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HC allows bail in money laundering case involving electromagnetic flow meter tender. The Court found prolonged pre-trial incarceration violates Article 21 and constitutes grounds for bail. Despite proceeds of crime exceeding INR 1 crore, preventing bail threshold, the Applicants satisfied twin conditions under Section 45(1)(ii) of PMLA. Weak evidentiary materials and lack of credible interference risk justified bail. Court imposed stringent bail conditions, emphasizing constitutional protection of personal liberty while maintaining investigative integrity. Bail application granted with specific regulatory compliance requirements.
HC allows bail in money laundering case involving electromagnetic flow meter tender. The Court found prolonged pre-trial incarceration violates Article 21 and constitutes grounds for bail. Despite proceeds of crime exceeding INR 1 crore, preventing bail threshold, the Applicants satisfied twin conditions under Section 45(1)(ii) of PMLA. Weak evidentiary materials and lack of credible interference risk justified bail. Court imposed stringent bail conditions, emphasizing constitutional protection of personal liberty while maintaining investigative integrity. Bail application granted with specific regulatory compliance requirements.
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