HC, exercising jurisdiction under Section 483 BNSS r/w Section...

HC, exercising jurisdiction under Section 483 BNSS r/w Section 45 PMLA, upheld the trial court's rejection of the applicant's bail. The Court held that bank accounts constitute "property" and that the routing of illegally generated funds through APMC and shell company accounts, operated by the accused instead of real account holders, prima facie establishes "proceeds of crime" and ingredients of the scheduled offences under BNS. The applicant's role in falsifying payee details and unauthorized withdrawals indicated wrongful gain and money laundering. Considering the gravity of the offence, strong prima facie case, risk of tampering with evidence, and likelihood of reoffending, the HC dismissed the bail application.