2024 (9) TMI 1090 - SCH - Money Laundering

Seeking enlargement on Bail - Money Laundering - Scheduled offences - swindling of money invested by the Government in a dubious manner - discrepancies including diversion of APSSDC funds through various shell companies - diversion of Government funds - Section 45 of the PMLA - it was held by High Court that 'When time and again, petitioner is continuously attending before the investigating agency and co-operating with the investigation, this Court is of the opinion that it is not necessary to detain the petitioner in jail further. In view of the aforesaid facts and circumstances, this Court feels that request of the petitioner for grant of bail can be considered, however, on certain conditions.' HELD THAT - At this stage, no case for interference is made with the orders granting bail. The Special Leave Petitions are accordingly dismissed.

Summary

The Supreme Court dismissed the Special Leave Petitions regarding bail orders, stating that no interference is warranted at this stage. The petitioner can seek bail cancellation if the respondents misuse the liberty granted. Pending applications were also disposed of.