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2022 (9) TMI 1215 - HC - Money LaunderingMoney Laundering - seeking grant of bail - allegations of money laundering pertain to the year 2011-2013; at that time, the petitioner's age would be around 15-17 years - petitioner had connection with the business's day-to-day affairs or not - HELD THAT:- Without commenting on the case's merits, in the facts and circumstances peculiar to this case, and for the reasons mentioned above, the petitioner makes a case for bail, subject to the following terms and conditions, which shall be over and above and irrespective of the contents of the form of bail bonds in chapter XXXIII of CrPC, 1973. In the event of arrest, the petitioner shall be released on bail in the case mentioned above, subject to furnishing a personal bond of Rs. One lac only (INR 1,00,000/-), and furnishing one surety for Rs. Five lacs, to the satisfaction of the Trial Court - In the alternative, the petitioner may furnish a personal bond of Rs. One lac only, and hand over to the the attesting officer, a fixed deposit(s) for Rs. One lac only, made in favour of the Trial Court. Such Fixed deposits may be made from any of the banks where the stake of the State is more than 50%, or any of the well-established and stable private banks, with the clause of automatic renewal of principal, and the interest reverting to the linked account. Such a fixed deposit need not necessarily be made from the applicant's account. Petition disposed off.
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