Bail Denied Under Section 439 CrPC in PMLA Case; Mandatory Conditions Under Section 45 Not Met

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....The HC dismissed the bail application filed under Section 439 CrPC in a money laundering case under the PMLA. The Court held that the mandatory conditions under Section 45 of the PMLA for grant of bail were not satisfied, emphasizing the overriding effect of the PMLA over CrPC provisions. Despite the petitioner not being named in the predicate offence charge sheets, the Court found sufficient material indicating involvement in generating proceeds of crime through forgery and collusion. The Court underscored the gravity of economic offences involving corruption and held that delay in trial is not a ground for bail. No change in circumstances warranted reconsideration of the earlier rejected bail plea. Consequently, the Court concluded that the petitioner failed to establish exceptional grounds for bail, and the application was therefore rejected.....