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2022 (11) TMI 1354 - ALLAHABAD HIGH COURTSeeking grant of bail - money laundering - proceeds of crime - predicate offences - provisional attachment of the proceeds - Section 45 of the Prevention of Money Laundering Act, 2002 - HELD THAT:- Scam/fraud committed by the accused-applicant and other accused is gigantic and mammoth. 1.75 lakh investors investing their hard earned money who were lured by the accused-applicant, and his brother in scheme BIKEBOT. Thousands of crores had been collected by them out of which they had purchased movable and immovable assets of several hundred of crores which is evident from the investigation. Economic offences are to be viewed differently while considering the bail application of an accused. Considering the rigours of Section 45 of the PMLA, this Court does not find this case to be a fit case to enlarge the accused-applicant on bail and, thus the bail application is hereby rejected.
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