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of <h1>Court Denies Bail in Money Laundering Case, Highlights Seriousness of Economic Offenses Under Prevention of Corruption Act.</h1> The case involves an appellant's appeal against the denial of bail in a money laundering case under the Prevention of Corruption Act and the Indian Penal Code. The court considered factors such as the nature of the accusation, evidence, and public interest, emphasizing the seriousness of economic offenses. The appellant argued against their involvement, citing a lack of initial mention in complaints and reliance on witness statements under the PML Act. However, the court upheld the admissibility of such statements and the independent nature of money laundering offenses. The appellant failed to prove innocence or meet the burden of proof, and the principle of parity was dismissed. The court also addressed speedy trial concerns, underscoring the need for a distinct approach to bail in economic offenses, ultimately dismissing the appeal.
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