GAUTAM KUNDU vs MANOJ KUMAR ASSISTANT DIRECTOR, EASTERN REGION, DIRECTORATE OF ENFORCEMENT (PREVENTION OF MONEY LAUN

The Supreme Court upheld the rejection of bail under Section 439 of the Code of Criminal Procedure, 1973, for the appellant accused of offenses under Section 3 of the Prevention of Money Laundering Act, 2002. The Court emphasized that the nature of the allegations, including the misuse of funds raised through secured debentures, warranted the denial of bail. The Court found no grounds to interfere with the High Court's decision, affirming the seriousness of the charges against the appellant.