As per case facts, the ED registered ECIRs against PFI and its affiliates for scheduled offenses. The applicant, a founding member of PFI and National President of SDPI, is accused ... of laundering funds to finance illicit activities. His name, however, only appeared in the 7th Supplementary Prosecution Complaint in 2025, not in earlier filings or the NIA's predicate offense chargesheet. The applicant sought bail citing false implication, lack of direct evidence, parity with co-accused, and prolonged incarceration for nearly a year with no foreseeable trial completion. The question arose whether the applicant's alleged "guilt by association" with PFI/SDPI and belated inclusion in the case could satisfy the stringent bail conditions of PMLA, especially given the prolonged pre-trial detention. Finally, the High Court allowed bail, concluding that mere association or holding a position, without specific evidence of personal involvement in money laundering, does not constitute an offense. It found no prima facie evidence that funds were proceeds of crime and deemed continued detention, given the lengthy trial, as pre-trial punishment, thereby satisfying Section 45 parameters.