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2016 (2) TMI 1267 - HC - Money LaunderingGrant of Regular Bail - charges have already been framed against the applicant - violation of provisions of Prevention of Money Laundering Act, 2002 - HELD THAT:- In the present case, it is evident that the applicant has been charged with an economic offence of some magnitude. However, the fact that the investigating agency has already completed investigation and filed the challan; the circumstance that charges already stand framed against the applicant; and the circumstance that the applicant has been in judicial custody since 13.04.2015, cannot be lost sight of. Furthermore, it has not been urged on behalf of the prosecution that the applicant is a flight risk nor is there any material to suggest that he will tamper with the evidence. Therefore, the presence of the applicant in further custody is not necessary. The applicant is entitled to grant of bail pending trial on stringent conditions - it is directed that the applicant be released on bail on his executing a personal bond in the sum of ₹ 5,00,000/- with two sureties of the like amount to the satisfaction of the trial court subject to further condition that the applicant shall not directly or indirectly make any inducement, threat or promise to any person acquainted with the facts of the case so as to dissuade him to disclose such facts to the court or to any other authority and subject to further condition that the applicant shall remain present before the court on the date fixed for hearing of the case - Application disposed off.
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