HC rejected bail application in money laundering case involving ...

Bail Denied: Online Betting Fraud Suspect Held for Serious Financial Crimes Under PMLA-2002 Section 45

May 31, 2025

Case Laws Money Laundering HC

HC rejected bail application in money laundering case involving illegal online betting platform. Digital evidence, financial transactions, and statements from multiple witnesses demonstrated prima facie involvement of the applicant in proceeds of crime under PMLA-2002. Court found substantial grounds to believe applicant's direct participation in organized financial fraud through "Sky-exchange" platform, with potential risk of committing further offences. Applying Section 45 of PMLA, HC concluded reasonable grounds exist to deny bail, emphasizing complexity of financial crime and potential continued criminal activities if applicant is released.

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HC rejected bail application in money laundering case involving ...

Bail Denied: Online Betting Fraud Suspect Held for Serious Financial Crimes Under PMLA-2002 Section 45

May 31, 2025

Case Laws Money Laundering HC

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