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TMI Blog2022 (6) TMI 587X X X X Extracts X X X X X X X X Extracts X X X X ..... elieve that the petitioner has no role in the offence alleged or not likely to commit any such offence, which is not possible to record in this case. The prayer for bail is devoid of any merit - Bail application dismissed. - BLAPL No.8882 of 2021 - - - Dated:- 31-5-2022 - Mr. JUSTICE S.K. PANIGRAHI Petitioner: Mr. S.P. Mishra, Sr. Adv. Opposite Parties: Mr. Gopal Agarwal, Adv. (For ED) ORDER 1. This matter is taken up by hybrid mode. 2. Heard learned counsel for the petitioner and learned counsel for the Opp. Party-Enforcement Directorate. 3. The petitioner being in custody in connection with Complaint Case bearing C.C. (PMLA) No.47 of 2017 arising out of Enforcement Directorate (ED) registered ECIR No.7 of 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CBI. Additionally, he has always co-operated with the investigation of the case with CBI, so also with ED authority. The claim of ED authority. There is absolutely no progress in the case relating to the petitioner either by the ED or by the learned trial Court from the date of arrest of the Petitioner and that last about 21 months from the date of arrest of the petitioner, for which the petitioner is suffering in Jail Custody. 6. Learned counsel for the State vehemently opposed the bail prayer of the Petitioner on the grounds that there is clinching evidence against the Petitioner. The nature and gravity of the offence, the position and status of the accused with reference to the victims who are common gullible citizens who have lost ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and involving huge loss of public funds need to be viewed seriously and considered as grave offences affecting the economy of the country as a whole and thereby posing serious threat to the financial health of the country. 35. While granting bail, the court has to keep in mind the nature of accusations, the nature of evidence in support thereof, the severity of the punishment which conviction will entail, the character of the accused, circumstances which are peculiar to the accused, reasonable possibility of securing the presence of the accused at the trial, reasonable apprehension of the witnesses being tampered with, the larger interests of the public/State and other similar considerations. 9. The Supreme Court while dealing wi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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