Gauhati High Court grants Deepesh Bajoria bail after finding gaps in alleged PMLA foundation

The Gauhati High Court has granted Deepesh Bajoria bail in an IPL betting money laundering case. It found that the charge sheet and cognizance order in the original case invoked only offences under the Assam Game and Betting Act, which are not scheduled PMLA offences. The Court also examined the other FIRs relied upon by the Enforcement Directorate and found insufficient material connecting him to proceeds of crime. It applied Section 45's twin conditions and imposed a ₹5 lakh bond with two sureties. The ruling concerns bail and does not finally terminate the money laundering investigation or determine criminal guilt.