9911796707
TMI Blog2022 (1) TMI 974X X X X Extracts X X X X X X X X Extracts X X X X ..... ll not be released from jail is not justifiable, because of the fact that custody of petitioner was already sought and no purpose will be served by detaining the petitioner in jail. Hence, this Court deems it appropriate to grant bail to the petitioner, however on certain conditions. Petitioner / Accused shall be enlarged on bail on his executing a personal bond for a sum of ₹ 20,000/- with two sureties for a like sum each to the satisfaction of the Metropolitan Sessions Judge, Nampally, Hyderabad. On such release, petitioner shall not leave Hyderabad until further orders - petition allowed. - HON BLE SMT. JUSTICE LALITHA KANNEGANTI Petitioner Advocate : Apurva M. Gokhale Respondent Advocate : Namavarapu Rajeshwar Rao ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. Heard Sri L.Ravichander, learned senior counsel representing Sri Apurva M.Gokhale, learned counsel for petitioner and learned Assistant Public Prosecutor for respondent-State. 4. Learned senior counsel submits that petitioner is alleged to have committed the offence under Section 3 of PML Act. He submits that petitioner is Chartered Accountant and basing on the bank statements and other relevant material available before him, he has issued certificates. He submits that it is alleged that petitioner has not verified the original business nor the Bills of Entry and the economic rationale of such large payments from paper entities and he is aware of the ultimate objective and further alleged that petitioner knowingly assisted the other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st the petitioner is that being a Chartered Accountant, without verifying the Bills of Entry and economic rationale of such large payments from paper entities had issued the certificates. Admittedly, as of now the other accused are not arrested and the contention of learned Special Public Prosecutor that till such time, petitioner shall not be released from jail is not justifiable, because of the fact that custody of petitioner was already sought and no purpose will be served by detaining the petitioner in jail. Hence, this Court deems it appropriate to grant bail to the petitioner, however on certain conditions. 7. Accordingly, this Criminal Petition is allowed. Petitioner / Accused shall be enlarged on bail on his executing a personal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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