The court granted regular bail to the accused in a money ...

Court grants bail to accused in money laundering case despite evidence; observes low flight risk & tampering likelihood.

Case Laws     Money Laundering

September 14, 2024

The court granted regular bail to the accused in a money laundering case involving conspiracy and proceeds of crime. While acknowledging ample evidence linking the accused to money laundering, the court observed that the twin test of guilt and likelihood of committing an offense was weak. Considering the accused's clean antecedents, lack of previous involvement, and the documentary nature of evidence, the court concluded that the accused was not a flight risk or likely to tamper with evidence or influence witnesses. The court directed the accused's release on bail upon furnishing a bond of Rs.10,00,000 with two sureties of the same amount, subject to conditions imposed by the trial court. The bail application was allowed.

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