ORDER :

1. The petitioner is before this Court assailing the order dated 5/21.03.2023 whereby the High Court of Jharkhand at Ranchi in Criminal Bail Application No. 13289 of 2022 has rejected the prayer of the petitioner for bail. It is in that light, the petitioner is before this Court.

2. Heard Sh. Basant R. learned senior counsel for the petitioner, Sh. S.V. Raju, learned Additional Solicitor General for the respondent and perused the petition papers.

3. The instant bail application is filed by the petitioner in respect of the case registered in ECIR Case No. 04/2022 under Section 4 of the Prevention of Money Laundering Act, 2002 (‘PMLA’ for short). The said case is registered against the petitioner as well as the other accused. Insofar as the petitioner is concerned the allegation essentially is that the petitioner has involved himself in the transportation of 1844 trucks/vehicles carrying stone chips during the period 01.06.2022 to 26.06.2022. In that regard, it is alleged that on the scrutiny of his bank account it showed huge cash deposited, on 24.01.2022 amounting to Rs. 30 lakhs. Thus, the respondents contending that the said amount is proceeds of crime, has included the peti