JUDGMENT

Ahsanuddin Amanullah, J. - The matter has been heard via video conferencing due to lockdown imposed on account of the COVID-19 pandemic.

2. Heard Mr. Ramakant Sharma, learned senior counsel, along with Mr. Hemant Kumar, learned counsel for the petitioner and Mr. S. D. Sanjay, learned Additional Solicitor General (hereinafter referred to as 'ASG'), along with Ms. Kanak Verma, learned Central Government Counsel for the Union of India - Opposite Parties.

3. The petitioner is in custody in connection with Special Trial No. (PMLA) 2 of 2018 under Section 4 of the Prevention of Money Laundering Act, 2002 (hereinafter referred to as the 'Act').

4. The allegation against the petitioner is of money laundering by depositing demonetized notes of more than Rs. 44 crores in accounts of various persons, including his own, and thereafter transferring it through RTGS into accounts of various other persons at Delhi and Kolkata, mostly in fictitious accounts.

5. Learned counsel for the petitioner submitted that the petitioner is nowhere involved in the entire episode as it was through the accounts of other persons namely Shashi Kumar and Rajesh Kumar in whose accounts huge amounts of cash we