Anticipatory Bail Denied in Money Laundering Case; Court Upholds ECIR Legality and Emphasizes Strict Bail Criteria.

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....The Punjab and Haryana High Court considered a petition seeking anticipatory bail in a money laundering case involving scheduled offences. The court analyzed the applicability of Section 45 of the PMLA in anticipatory bail and the legality of the ECIR. Referring to a Supreme Court judgment, the court emphasized that bail in economic offences must be granted sparingly due to their impact on society. It noted that the prosecution need not prove the charges beyond reasonable doubt for bail, but must establish a genuine case based on reasonable material. The court found that the petitioner did not meet the criteria for anticipatory bail under Section 45 of the PMLA and dismissed the petition. Additionally, the court validated the legality of th.........