Bail Denied in Money Laundering Case: Court Cites Sufficient Evidence and Manageable Health Conditions for Applicant.

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....The Court observed that Article 21 of the Constitution guarantees the right to personal liberty, and bail is the rule while jail is an exception. However, considering the nature of the offence, multi-layered transactions, and nation-wide nexus, further investigation is ongoing. The Court elucidated factors for deciding bail applications and the need for judicious exercise of discretion. It examined the twin conditions u/s 45 of PMLA and found prima facie sufficient material showing the applicant's involvement in money laundering and connecting the monies to the predicate offence as 'proceeds of crime'. The Court invoked the statutory presumption u/s 24 of PMLA and held that the applicant failed to satisfy the twin conditions for bail u/s 45.........