2022 (11) TMI 1387

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.... For the Applicant : Shamshad Ahmad Khan For the Opposite Party : Kuldeep Srivastava ORDER Hon'ble Dinesh Kumar Singh , J. 1. Heard learned counsel for the accused-applicant and Sri Kuldeep Srivastava, learned counsel appearing for the Enforcement Directorate. 2. The present bail application under Section 438 Cr.P.C. read with Section 45 of the Prevention of Money Laundering ....

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....e fraud with the investors and misappropriating their hardearned money. Further allegation is that the accused-applicant laundered the amount of Rs.1,28,08,640/- and it was attached vide provisional attachment order dated 28.12.2018 under Section 5 of the Prevention of Money Laundering Act, 2002. Accused-applicant was in prison since 10.12.2013 to 27.11.2021. 5. Learned counsel for the accused-....

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....e properties of worth Rs.1,28,08,640/- it can not be said that, prima facie, the accused-applicant is not guilty for committing the offence. 7. I have considered the submissions advanced on behalf of the learned counsel for the parties and perused the record. 8. Considering the allegations and the fact that the Enforcement Directorate has already attached the properties of worth Rs.1,28,08,6....