Twin conditions of Section 45(1)(ii) PMLA not met; conditional bail granted under Section 437(3) CrPC/Section 480(3) BNS

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....The HC denied that the twin conditions of Section 45(1)(ii) of the PMLA were satisfied, finding prima facie materials indicating the petitioner's involvement in money-laundering and receipt of proceeds of crime, and reasonable grounds to believe guilt and potential risk if released. However, balancing the petitioner's statutory right to a speedy trial against prolonged pretrial custody-where trial is projected to be protracted (37 prosecution witnesses; 59 documents; 7,801 pages) and the petitioner has been detained since 21.06.2024- the HC ordered conditional bail. The petitioner is released on bail subject to compliance with conditions under Section 437(3) Cr.P.C./Section 480(3) of the Bhartiya Nagarik Suraksha Sanhita.....