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2017 (9) TMI 952 - HC - Money LaunderingPrevention of Money Laundering Act, 2002 - grant of bail - Held that:- In the present case, sufficient material has been placed on record to show, of course, prima facie, that petitioner is not a house wife. She is a highly qualified lady having completed Masters in Finance in the year 2002 from international university. She was actively involved in the affairs of the various companies by virtue of her holding responsible positions, inasmuch as, she was holding power of attorney in her favour from M/s Atlanta Natural Resources PTE. Ltd., Cronimet Mining GmbH, Matrix Holdings Limited etc. In the order dated 23rd August, 2017, learned Special Judge has recorded, on the basis of medical reports regarding health condition of the petitioner, that physiotherapy was being provided to her. It has been further noted that upon enquires made from the petitioner she submitted that she was getting proper medications and physiotherapy. Order dated 4th September, 2017 also indicates that jail authorities have been directed to make necessary arrangements for physiotherapy of the petitioner. There is nothing on record to establish that petitioner is suffering from such serious ailments which necessitates her treatment in multi specialty hospital from specialist doctor. Petitioner can be and is being provided medical treatment in jail itself. Petitioner only requires physiotherapy which can easily be provided either in jail or in any other hospital affiliated to the jail or in the vicinity of the jail. The offence alleged against the petitioner falls under the category of economic offences which stand on a graver footing. These crimes are professionally committed by white-collared people which inflict severe injuries on both health and wealth of the nation. Such offences need to be dealt with a heavy hand and releasing such accused on bail will affect the community at large and also jeopardize the economy of the country. The plea of parity is also not tenable in this case since the court did not consider, refer to and discuss the rigours of Section 45(1) of the PMLA. Petitioner has also failed to bring out any special circumstances for her release on bail being a woman or sick, keeping in mind the nature and gravity of offence, bail application is dismissed.
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