Consider the following statements regarding the Supreme Court's observations in cases under the Prevention of Money Laundering Act (PMLA), 2002:
Statement I: Section 45 of the PMLA does not confer power on the state to detain an accused for an unreasonably long time.
Statement II: Stringent bail conditions do not take away the power of Constitutional Courts to grant bail on the grounds of violation of Part III of the Constitution of India.
Which of the following is correct with respect to the above statements?
1
Both Statement I and Statement II are correct, and Statement II explains Statement I.
2
Both Statement I and Statement II are correct, but Statement II does not explain Statement I.
3
Statement I is correct, but Statement II is incorrect.
4
Statement I is incorrect, but Statement II is correct.