2024 (9) TMI 1089 - SCH - Money Laundering

Seeking grant of bail - money laundering - scheduled offences - HELD THAT - Tthe appellant, Neeraj Singal, will be released from jail in connection with ECIR/DLZO-II/06/2019 dated 29.08.2019 for the offence(s) punishable under the Prevention of Money Laundering Act, 2002, in relation to the scheduled offence(s) under Sections 467, 471 and 120B of the Indian Penal Code, 1860 and Section 447 of the Companies Act, 2013, on terms and conditions to be fixed by the trial court - In addition to the conditions imposed by the trial court, the appellant, Neeraj Singal, shall comply with the conditions mentioned in Section 438(2) of the Code of Criminal Procedure, 1973. In case there is a violation of any terms and conditions of release, it will be open to the prosecution to seek recall of this order before the trial court - The impugned judgment is set aside - Appeal allowed.

Summary

The Supreme Court granted leave and ordered the release of Neeraj Singal from jail in connection with a money laundering case. Singal must comply with specified conditions and provide contact information to the Directorate of Enforcement. Violation may result in the order being recalled by the trial court. The impugned judgment was set aside, and the appeals were allowed. The court clarified that its observations were for the disposal of the appeals only.