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2023 (1) TMI 596 - HC - Money LaunderingMoney Laundering - Seeking grant of Regular Bail - objection taken in the affidavit is that prior to the arrest, two times non-bailable warrants were issued to which the petitioner did not respond and during the custody period, he has not cooperated with the investigation - apprehension that if the petitioner is enlarged on bail, he may misuse the concession of bail or evade the process of law or may not face the trial - twin conditions under Section 45 of the PMLA Act not fulfilled - HELD THAT:- It is not disputed that the petitioner when released on interim bail has undergone about 06 months of custody. Since the petitioner is seeking parity with the co-accused, who has already been granted the concession of regular bail vide order dated 01.07.2022 wherein it was observed that the co-accused qualifies the triple test under Section 45 of the PMLA Act. Considering the fact that the petitioner is in long custody and his co-accused has already been released on bail and no amount was recovered from the petitioner, the present petition is allowed and the interim order dated 26.12.2022, is made absolute and the petitioner is directed to be released on regular bail. Application disposed off.
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