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The HC dismissed the applicant's petition for regular bail and refused interim extension, holding that the mandatory twin conditions under s.45 PMLA were not satisfied. Allegations of large-scale diversion and laundering exceeding Rs.26,000 crores constitute a grave economic offence attracting enhanced scrutiny; the court found the offence's magnitude, the weight of evidence and risk to trial integrity and public confidence outweighed any liberty claim. The applicant's medical condition (non-critical CAD) was deemed manageable in custody with prison medical care and did not constitute a compelling exceptional circumstance to displace statutory rigour. On cumulative assessment, continued custody was held necessary and the bail application was dismissed.
The HC dismissed the applicant's petition for regular bail and refused interim extension, holding that the mandatory twin conditions under s.45 PMLA were not satisfied. Allegations of large-scale diversion and laundering exceeding Rs.26,000 crores constitute a grave economic offence attracting enhanced scrutiny; the court found the offence's magnitude, the weight of evidence and risk to trial integrity and public confidence outweighed any liberty claim. The applicant's medical condition (non-critical CAD) was deemed manageable in custody with prison medical care and did not constitute a compelling exceptional circumstance to displace statutory rigour. On cumulative assessment, continued custody was held necessary and the bail application was dismissed.
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