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2022 (3) TMI 1436 - HC - Money LaunderingSeeking grant of anticipatory bail - Money Laundering - siphoning of the funds - it is alleged that the bank accounts were misutilized in connivance with the Bank Officials, in as much as, huge amount of cash was deposited and transferred to other accounts without their knowledge and consent - HELD THAT:- The applications and implications of Section 45 of the Act needs to be considered while granting anticipatory bail and the privilege of anticipatory bail may be given only if the High Court is of the view that accused has not committed any offence under the PML Act. Whereas, in the instant case there are sufficient materials to prove the complicity of the petitioner. Charge against accused persons has not been proved by Special (PMLA) Court, Patna due to non- appearance of the accused persons of this case including the petitioner - The offence of money laundering damages the economic and financial system of the country and it can put the economy on hold or can derail it. It is more serious than the murder. The money laundering is not only used for the drug trading but also for terrorist activities and such crime affect the integrity and sovereignty of the country. It reveals that the bank accounts in the name of the complainant and others were misused in connivance with the bank officials of G.B. Road, Gaya inasmuch as huge amount of cash was deposited and transferred to different other accounts without knowledge and consent of the account holders and thereby making such deposits/transfers illegal and unlawful in violation of the rule, regulation and law as well as Section 4 of Money Laundering Act. Money is being siphoned off immediately from the account to conceal its origin and to project it as untainted against this petitioner- accused along with others. The petitioner cannot be enlarged on anticipatory bail - application dismissed.
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