Justice A J Desai granted bail to Sharma after taking into account a recent Supreme Court judgement that struck down the section 45 (1) of the Prevention of Money Laundering Act (PMLA) as "unconstitutional".
The same court had earlier stayed further proceedings against Sharma in the special PMLA court and prevented it from framing charges against him.
Sharma had filed a revision appeal in the HC after the special PMLA court rejected his discharge application.
Sharma, arrested under the PMLA and lodged at the Sabarmati Central Jail here for around a year-and-a-half, was released today.
The ED had registered an offence against Sharma on the basis of cases lodged by Gujarat CID (Crime) and the ACB for allegedly sanctioning government land at cheaper rate in 2004 to a private corporate group and its companies in Kutch district as part of a suspected quid pro quo.
Against this favour, the bureaucrat had allegedly received gains to the tune of Rs 22 lakh in the name of his wife, the ED had alleged.
He allegedly transferred the money using hawala (illegal remittance system) route to his wife with the help of five persons who have also named in the ED charge sheet.
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