JUDGMENT :

SUJIT NARAYAN PRASAD, J.

1. Since both these applications are arising out of the common ECIR therefore with the consent of the parties disposed of by this common order.

Prayer

1.1 The instant applications have been filed under Section 438 of the Code of Criminal Procedure, 1973 praying for grant of pre-arrest bail in ECIR Case No. 2 of 2023 arising out of ECIR-RNZO/16/2020 dated 17.09.2020 registered for the offence under Sections 3 punishable under section 4 of the Prevention of Money Laundering Act, 2002, pending in the court of learned Additional Judicial Commissioner-VIII-cum-Special Judge, PML Act, Ranchi.

Case of the Prosecution

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 Ran