2024 (3) TMI 1366 - SCH - Money Laundering

Grant of interim bail - Seeking grant of Bail - Money Laundering - existence of proof of identification of proceeds of crime or not - absence of transcripts to alleged transfer of Rs. 30 crores - Section 45 of PMLA - HELD THAT - Re-list in the week commencing 29.04.2024. The petitioner Abhishek Boinpally is directed to be released on interim bail for a period of five weeks from the date of release on terms and conditions to be fixed by the trial court. In addition to the terms and conditions fixed by the trial court, the petitioner Abhishek Boinpally shall provide one mobile number to the Officer(s) of the Enforcement Directorate, who will be entitled to get in touch with the petitioner Abhishek Boinpally and to ascertain his whereabouts. The petitioner Abhishek Boinpally will surrender his passport to the trial court, and would not leave the National Capital Region without permission of the trial Court. The petitioner Abhishek Boinpally will be entitled to travel his home town, that is, Hyderabad. SLP disposed off.

Summary

The Supreme Court directed the release of petitioner Abhishek Boinpally on interim bail for five weeks with specified conditions. The petitioner must surrender his passport, provide a mobile number to the Enforcement Directorate, and not leave the National Capital Region without court permission. The case will be re-listed in the week commencing 29.04.2024.