Criminal Procedure Code, 1973
Section 439—Bail—Denial of—Offence of money laundering—Allegation against Minister of GNCT of Delhi and other co-accused—Money has been round tripped through shell companies and transactions have been carried out through Kolkata based entry operators—Co-accused assisted the Minister by making false declaration under the IDS in order to protect him—Failure of appellants to satisfy the court that there are reasonable grounds for believing that they are not guilty of alleged offences—Sufficient material collected by the respondent-ED to show that appellants are prima face guilty of alleged offences—Appellants had not complied with twin mandatory conditions laid down in Section 45 of the PML Act—Order of High Court denying bail to appellants—Proper. [Prevention of Money Laundering Act, 2002, Sections 3, 4 & 45]
[Paras 30 to 32]