2023 (8) TMI 478 - SCH - Money Laundering

Seeking grant of anticipatory bail - Money Laundering - proceeds of crime - siphoning off of funds of partnership firm - HELD THAT - It is directed that in the event of the appellant Suresh Kumar being arrested in a case registered under Section 3 and 4 of the Prevention of Money Laundering Act, 2002 pending in the court of learned Special Judge, CBI-cum-PMLA, Ranchi, he shall be released on bail by the arresting/investigating officer/trial court on terms and conditions to be fixed by the trial court. The appellant Suresh Kumar shall, in addition, comply with the conditions mentioned in Section 438(2) of the Code of Criminal Procedure, 1973 and will regularly appear before the trial court. Appeal allowed.

Summary

The Supreme Court granted bail to the appellant, Suresh Kumar, in the ECIR Case No.3/2021 under the Prevention of Money Laundering Act, 2002. The impugned order was set aside, and the appeal was allowed with specified conditions. The Court clarified that the directions given should not be considered as an expression of opinion on the merits of the case.