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2020 (3) TMI 21 - HC - Money LaunderingGrant of Bail - Money Laundering - allegation of illegal schemes to mobilise deposits from the innocent investors including the deposits under the scheme of issue of debentures with false assurance of high return and thereby generated huge sums of money for different purposes by making fool the common people - case of Respondent is that the present petitioner being the Debenture Trustees of the company was responsible for the acts and daily affairs of the company at the relevant time and as per his plan and advice, the company planned such illegal schemes - HELD THAT:- It would appear from the investigation report that the petitioner accused the Debenture Trustee member accused no. 1 was responsible for the acts and affairs of the company and at the relevant time he planned and designed the illegal schemes to mobilise deposits from the investors including deposits under the schemes of issue of debentures with false assurance of high return and thereby generated huge sums and diverted and laundered the money for different purposes by be-fooling the common people. It is true that the debenture was advertised in 2001-2002 and this accused petitioner was a field Officer appointed by the Chairman Gautam Kundu of the company who is the key person in planning of such chit fund companies to the public at large but the accused petitioner was indicated as a Debenture Trustee of the accused company no. 1 obviously because of his expertise and designed in mobilisation the public at large to procure more and more money befooling the common public on the assurance of giving high return. This Court does not find any ground to enlarge the accused petitioner on bail on the ground of his medical treatment because Enforcement Directorate is ready to meet all expenditure on account of medical treatment through Super Speciality Hospitals in West Bengal which can be availed through the Superintendent Presidency Correctional Home - the application under Section 439 Cr.P.C. is rejected.
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