Bail Granted in Money Laundering Case: Right to Speedy Trial Trumps Delays Despite Incriminating Evidence and High Bail Bar.

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....Bail application rejected in money laundering case involving collection of large amounts by promising job opportunities, offences under IPC and Prevention of Corruption Act. Main evidence is pen drive seized showing incriminatory material, prima facie deposit of Rs. 1.34 crores in appellant's account. Delay in disposal of cases discussed, existence of scheduled offence necessary for proceeds of crime under PMLA. Higher threshold for bail in certain penal statutes like PMLA to secure objects. Expeditious trial warranted considering stringent bail provisions. Appellant incarcerated for 15 months, trial unlikely to conclude in 3-4 years, amounting to infringement of right to speedy trial under Article 21. Appellant enlarged on bail subject to conditions.....