2024 (2) TMI 674 - SCH - Money Laundering

Seeking grant of bail - money laundering - offence punishable under Section 3 of the Prevention of Money-laundering Act, 2002 - HELD THAT - The appellant is entitled to be enlarged on bail in accordance with Section 45(1)(ii) of the PMLA on appropriate terms and conditions, till the disposal of the complaint case filed by the first respondent/Directorate of Enforcement under the PMLA. In view of the fair stand taken by the learned ASG, the detailed reasons not recorded. Appeal allowed.

Summary

Issues Involved:
The judgment involves the issue of bail u/s 45(1)(ii) of the Prevention of Money-laundering Act, 2002 (PMLA).

Bail u/s 45(1)(ii) of PMLA:
The appellant was arrested in connection with an offence under Section 3 of the PMLA. The learned ASG left it to the Court to decide on the bail application. The Court found that the appellant is entitled to bail as per Section 45(1)(ii) of the PMLA until the disposal of the complaint case filed by the Directorate of Enforcement. The Court directed the appellant to be produced before the Special Court within a week for bail on appropriate terms and conditions. The Court allowed the appeal, granting bail to the appellant.