JUDGMENT :

Heard Sri S.D.Sanjay, learned senior counsel assisted by Smt. Priya Gupta, learned counsel for the petitioner and Sri K.N.Singh, learned Additional Solicitor General, assisted by Sri Manoj Kumar Singh, learned counsel for opposite party / Directorate of Enforcement.

2. The petitioner has preferred this application for grant of anticipatory bail in connection with Special Trial No. (PMLA) No. 05 of 2021, arising out of ECIR No. PTZO / 04 / 2018 dated 24.05.2018, for offence alleged under section 4 of the Prevention of Money Laundering Act, 2002 (hereinafter referred to as ‘P.M.L. Act’).

3. It is alleged that the office bearers of Srijan Mahila Vikas Sahyog Samiti Ltd. (hereinafter referred to as “S.M.V.S.S.L.”) Sabour, Bhagalpur, in conspiracy with the officers / office bearers of Indian Bank, Patal Babu Road, Bhagalpur, Bank of Baroda, Dr.R.P. Road, Ghanta Ghar, Bhagalpur, Bank of Baroda, Saharsa and State Government officials and others illegally transferred and misused the public funds from State Govt. accounts in fraudulent manner for personal gain. It is further alleged that the petitioner and other co-accused persons have acquired proceeds of crime by commission of off