Petitioners Muhammad Saleem, Muhammad Younas, Muhammad Daood, Zuhaib and Shoaib sought post arrest bail in case FIR No. 10 dated 13.04.2017, offence under Sections 4/8-23 Foreign Regulation Act, 1947 & Sections 3 & 4 of Anti Money Laundering Act, 2010, read with Sections 109, 420, PPC, registered at Police Station FIA/CBC, Multan.
2. Allegation against petitioners is that they were found dealing in foreign exchange without having been issued any authorization thereof when raiding team consisting of members of Federal Investigating Agency, Multan raided upon them.
3. Heard. Perused.
4. Offence u/S. 4, 8 punishable u/S. 23 of Foreign Exchange Regulation Act, 1947 is bailable whereas offence u/S. 3,4 of Anti Money Laundering Act, 2010 to extent of present petitioners, shall be determined by learned trial Court after recording of prosecution evidence. At present, there is no material available on record to show that petitioners were involved in money laundering.
Petitioners are behind the bars and no more required for further investigation. Previous record of petitioners being involved in such like cases, is not pointed out. In the given facts and circumstances, guilt of petitioners needs further probe and their case calls for further inquiry.
Accordingly, this petition is allowed and petitioners be released on bail subject to furnishing bail bonds in sum of Rs 2,00,000/- each with one surety each in the like amount to the satisfaction of learned trial Court.