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IN THE HIGH COURT OF KERALA AT ERNAKULAM
DR. KAUSER EDAPPAGATH, J
ANTONY SUNNY – Appellant
Versus
ENFORCEMENT DIRECTORATE – Respondent
| Table of Content |
|---|
| 1. overview of bail applications under pmla. (Para 1 , 2) |
| 2. prosecution's case against the accused, allegations of embezzlement. (Para 3 , 4 , 5) |
| 3. arguments presented by the defense and prosecution. (Para 6 , 7) |
| 4. trial court report on case scheduling. (Para 8) |
| 5. judicial reasoning on prolonged incarceration and bail. (Para 9 , 10) |
| 6. conclusions and bail grant conditions. (Para 11 , 12) |
O R D E R
The applicants are accused Nos. 3 and 4 in S.C.No.141 of
2025 pending on the files of the Additional District Court (Special Court for trial of Marad Cases), Kozhikode (for short, 'the trial court'). They have filed the above bail applications under Section
483 of the Bharatiya Nagarik Suraksha Sanhita, 2023 .
2. The offences alleged against the applicants are punishable under Section 3 r/w 4 of the Prevention of Money Laundering Act, 2002 (for short, 'the PMLA').
3. The prosecution case, in short, is as follows: - The accused were the promoters of a company by name, 'Kannur Urban Nidhi Limited' (KUNL), which is offering 12 to 12.5% interest on fixed deposits. The company had accepted fixed deposits from several investors. According to the prosecution, the accused diverted
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