2024 (5) TMI 1464 - SCH - Money Laundering

Money laundering - proceeds of crime - First bail application filed under section 438 of Cr.P.C - rejection of Remdesivir Injections at a higher price - offence under section 420 488 304 308 467 468 471 of IPC and 3/7 of Essential Commodities Act and section 3 of Epidemic Diseases Act - it was held by High Court that Considering the money trail produced by the prosecution which clearly proves involvement of the applicant in the present case in which proceeds of crime is Rs.2, 89, 00, 000/- this court is of the view that in view of the rigor of section 45 of the Act 2002 the applicant is not entitled for anticipatory bail. HELD THAT - Issue notice returnable on 29th July 2024. In the meanwhile the petitioner shall not be arrested in connection with Special Case pending before the Court of learned Special Judge PML Act and 14th Additional Sessions Judge Indore Madhya Pradesh subject to condition that he shall regularly appear before the Special Court.

Summary

The Supreme Court of India granted exemption for filing certified copy of the impugned order and official translation. The petitioner will not be arrested in connection with Special Case No. 217/2023 pending before the Special Judge, PML Act, Indore, Madhya Pradesh, as long as they appear regularly before the court. Next hearing is on 29th July, 2024.