ORDER

1. This matter is taken up through hybrid mode.

2. Heard learned counsel for the Petitioner and learned counsel for the State.

3. The Petitioner being in custody in connection with ECIR No.BSZO/04/2014 registered under Section 3 read with Sections 70(1) and 70(2) of Prevention of Money Laundering Act, 2002 (hereinafter referred to as 'the PML Act' for brevity) pending before the court of learned Sessions Judge, Khurda, has filed this petition under Section 439 of the Cr.P.C. for his release on bail.

4. The prosecution story, in brief, has been summarized, as follows:

i. In Kharvel Nagar PS Case No.44 dated 07.02.2013, charge sheet dated 10.07.2013 under Sections 420, 406 and 120B of the I.P.C. was filed and a second charge-sheet dated 28.07.2013 of the same P.S. but different P.S. Case No.145 dated 27.5.2013 was filed before the jurisdictional Court of learned S.D.J.M., Bhubaneswar against the Petitioner and others of Artha Tatwa Group. Petitioner was arrested on 13.05.2013 and since then he is in custody. This investigation emerged from the case wherein ED has lodged the complaint.

ii. The CBI, pursuant to directions of Hon'ble Supreme Court, took over the said investigations a