JUDGMENT

1. Present application has been filed under Section 439, Cr.P.C. praying to release the Petitioner on bail in connection with Crl. Misc. (PMLA) Case No34 of 2016 pending in the court of learned Sessions Judge-cum-Special Judge, Bhubaneswar.

2. The facts of the case reveal that, initially Kharavela Nagar P.S. Case No.44 of 2013 and 45 of 2013 were registered against Arthatatwa Group of Companies and others. Subsequently, Central Bureau of Investigation (CBI) took up investigation of the said cases along with other cases in pursuance to the directions issued by the Supreme Court of India. As such, SPE Case No.42 of 2014 (arising out of Kolkata CBI/SCB/RC/No.47/S/2014-Kol. dated 5th June, 2014) has been registered alleging commission of offences under Section 120-/294/341/406/409/420/467/468/471/506/34 of the Indian Penal Code and Sections 3/4/5 of the Prize Cheat and Money Circulation Scheme (Banning) Act, 1976. Keeping in view the nature of allegations and as materials surfaced revealing commission of schedule offences under the Prevention of Money Laundering Act, 2002 (hereinafter 'PML Act') the complaint under Section 45 was lodged before the learned Special Judge, Bhubanes