JUDGMENT :

Prayer

1. The instant application has been filed under Section 439 read with Section 440 of the Code of Criminal Procedure, 1973 praying for grant of bail in ECIR Case No.2 of 2023 (A) arising out of ECIR-RNZO/16/2020 dated 17.09.2020 registered for the offence under Sections 3 and 4 of the Prevention of Money Laundering Act, 2002 with Schedule Offence under Sections 120B of the Indian Penal Code and 7(b) of the Prevention of Corruption (Amendment) Act, 2018, pending in the court of learned Additional Judicial Commissioner-VIII-cum-Special Judge, PML Act, Ranchi.

Facts of the case

2. The prosecution case in brief is that the investigation under the Prevention of Money Laundering Act, 2002 was initiated by recording the ECIR/RNSZO/16/2020 dated-17.09.2020 against the accused persons on the basis of information received from FIR No. 13/2019 dated-13.11.2019 registered by the ACB, Jamshedpur.

3. Subsequently the Final Report has been filed by the investigating agency bearing no. 01/2020 dated- 11.01.2020 under Section 120-B and 201 IPC and under Section 7 (b) of the P.C. Act, 1988 against the accused persons, namely, Alok Ranjan and Suresh Prasad Verma.

4. Further, in course of s