ORDER :

Prayer: Criminal Original Petition filed under Section 439 of Cr.P.C. to enlarge the Petitioner on bail in ECIR No. CEZO-1/14/2017 on the file of the respondent.

1. The petitioner, who was arrested by the respondent on 8.7.2022 and remanded to judicial custody for the offence punishable under Sections 3 and 4 of the Prevention of Money Laundering Act, 2002 in Enforcement Case Information Report ECIR No. CEZO-1/14/2017 on the file of the respondent police, seeks bail.

2. The case of the prosecution is as under:

(i) On scrutiny and advice of the Concurrent Auditors, the Punjab National Bank, Mint Street, Chennai had some verification with regard to the genuineness of the account holders and thereupon, a scam has come to light.

(ii) It was found out that some account holders had fraudulently opened Current Accounts during the year 2015 and on entering into a criminal conspiracy with some unknown public servants of the bank, sent some tainted money to Hong Kong without any genuine transactions under the guise of remitting 100% advance for import of goods.

(iii) On verification, it was found out that 19 account holders had received remittances from various bank accounts to their accou