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2022 (1) TMI 974 - HC - Money LaunderingSeeking grant of Bail - Action against the Chartered Accountant under PMLA for issuing bogus CA certificates - Money Laundering - shell entities - proceeds of crime - only allegation against the petitioner is that being a Chartered Accountant, without verifying the Bills of Entry and economic rationale of such large payments from paper entities had issued the certificates - HELD THAT:- Admittedly, as of now the other accused are not arrested and the contention of learned Special Public Prosecutor that till such time, petitioner shall not be released from jail is not justifiable, because of the fact that custody of petitioner was already sought and no purpose will be served by detaining the petitioner in jail. Hence, this Court deems it appropriate to grant bail to the petitioner, however on certain conditions. Petitioner / Accused shall be enlarged on bail on his executing a personal bond for a sum of ₹ 20,000/- with two sureties for a like sum each to the satisfaction of the Metropolitan Sessions Judge, Nampally, Hyderabad. On such release, petitioner shall not leave Hyderabad until further orders - petition allowed.
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