JUDGMENT

(Prayer: This Criminal Original Petition is filed under Section 439 of Cr.P.C., pleased to enlarge the petitioner on bail in F.No.ECIR/CEZO/I/01/2018 dated 31.01.2018 on the file of the respondent and such terms and conditions as this Hon’ble Court may deem fit and proper in the facts and circumstances of the case.)

1. The petitioner, was arrested on 04.03.2022 for the alleged offence under Section 3 of Prevention of Money Laundering Act, 2002 as amended under Section 4 of the Prevention of Money Laundering Act 2002, (hereinafter referred as to “PMLA”) in F.No.ECIR/CEZO/I/01/2018, on the file of the respondent police.

2. This petition under Section 439 of Criminal Original Petition filed to enlarge the petitioner on bail.

3. The case of the petitioner is that:-

The petitioner herein is a native of Chennai. He is residing at Singapore with his family and presently he is a non-resident Indian, holding Indian passport. The petitioner is a promoter and Director of M/s.Coastal Energen Private Limited (hereinafter referred as “CEPL”), Chennai. He has established a power plant under the name and style M/s.Mutiara Thermal Power Plant, Tuticorin with 1200 MW capacity based on conver