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2017 (3) TMI 1642 - SC - Money LaunderingStatutory bail seeked - offence under PMLA - whether the provisions of Section 167(2) Cr.P.C. are not applicable to cases arising out of PMLA Act - Held that:- We do not agree with the opinion of the High Court that the provisions of Section 167(2) Cr.P.C. would not be applicable to the proceedings under PMLA Act. In the present case, as no complaint was filed even after the expiry of 60 days from the date when the appellant was taken into custody, he was entitled to statutory bail in view of the provisions contained in Section 167(2) Cr.P.C. This appeal is, accordingly, allowed and as a result thereof, the appellant shall be given the benefit of statutory bail and be released forthwith subject to the conditions that may be imposed by the Trial Court.
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