The Bombay High Court recently granted bail to a woman stating that she is the mother of a six-year-old. The woman, identified as Simpy Bharadwaj, was booked under the stringent Prevention of Money Laundering Act (PMLA) by the Enforcement Directorate (ED) in 2023 for her alleged role in India's largest Bitcoin-based Ponzi scheme worth INR 6,606 crore. The alleged Bitcoin fraud case is related to a Delhi-based firm, Variable Tech Pvt Ltd. The high court bench of Justice Manish Pitale said that since the applicant Bharadwaj is a woman, she is entitled to the benefit of the proviso to section 45(1) of the Act. The high court also noted that Bharadwaj suffered incarceration for about 10 months and said that further continuing her judicial custody would serve no purpose when the commencement of the trial in the present case itself will not be undertaken in the foreseeable future. ‘How Can an Unmarried Woman Become a Widow or a Divorcee?’: Bombay High Court Slams Maharashtra Govt for Opposing Unmarried Woman’s Pregnancy Termination.

HC Grants Bail to Woman Booked Under Money Laundering Act

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