Bail rejected as twin condition u/s. 45(1) of PMLA not fulfilled

Pramod Kumar Singh Vs Union of India (Jharkhand High Court) Jharkhand High Court dismissed the bail application since the twin condition as provided under Section 45(1) of the Prevention of Money Laundering Act, 2002 is not being fulfilled. Also, there is sufficient material collected by ED to show that the applicant is prima facie guilty of the alleged offences. Facts- An ECIR dated 27.10.2021 registered was based on FIR dated 08.06.2016 which was registered by ACB, Dhanbad u/s 13(2) r/w 13(1) (e) of P.C. Act, another FIR dated 26.08.2019 registered by ACB, Dhanbad against the accused petitio...