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2016 (10) TMI 1030 - HC - Money LaunderingPrevention of Money Laundering - Bail application - Held that:- There is a detailed panchnama about the attachment of movable and immovable properties belonging to the applicants and seizure of articles and documents. So far as the apprehension with regard to influencing the witnesses is concerned, it can be taken care of by imposing appropriate conditions of bail with regard to marking of presence and regular reporting before the concerned authorities. It appears that most of the witnesses are of Enforcement Directorate, and therefore, chances of influencing the officers of the Enforcement Directorate are bleak. As aforesaid, all the other co-accused facing similar allegations were enlarged on bail by the coordinate Bench, therefore, on the ground of parity also, the case of the present applicants deserves to be considered for grant of bail. Thus, having regard to the totality of the facts and circumstances, this Court is of the view that looking to the nature and gravity of accusations made against the applicants from the charge sheet papers pertaining to scheduled offences and the other investigating material of PMLA cases, and as there are no criminal antecedents as to PMLA cases, discretion is required to be exercised in favour of the applicants by passing the following order: The present applications are allowed. The applicants are ordered to be released on regular bail in connection with the offences registered with Directorate of Enforcement, Ahmedabad as well as PMLA Complaint on executing a personal bond of ₹ 2,00,000/- (Rupees Two Lacs Only) each with two sureties each of ₹ 50,000/- to the satisfaction of the learned Trial Court and the applicants without prejudice to their rights and contentions shall deposit a sum of ₹ 25,00,000/- each separately before the designated Special Court within one month from the date of their release, and the release of the applicants shall not take undue advantage of liberty or misuse liberty;not act in a manner injurious to the interest of the prosecution;surrender passport, if any, to the lower court forthwith, if not already deposited;shall not enter into Vadodara, Mehsana, Kheda and Gandhinagar Districts and not leave the State of Gujarat without prior permission of the Designated Special Court concerned.
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