Bail granted in money laundering case involving Rs 2.4 crore extortion from job candidates under PMLA sections 22-23

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....The HC granted bail to the petitioner charged under money laundering provisions for allegedly collecting substantial sums from candidates seeking teaching and non-teaching positions under state government and extorting Rs. 2.4 crores from 1200 candidates for facilitating court proceedings. While the court acknowledged prima facie involvement based on incriminating material satisfying presumptions under sections 22 and 23 of the Prevention of Money Laundering Act 2002, it emphasized constitutional rights under Article 21. Citing Supreme Court precedent in Manish Sisodia regarding prolonged incarceration and right to speedy trial, the HC determined that extended detention without conviction constitutes punishment without trial. The bail application was allowed subject to stringent conditions to ensure attendance and prevent witness tampering.....