The court rejected the bail application u/s 45 of the PMLA, ...

Bail denied for alleged hawala operator linked to online betting app. Court finds prima facie money laundering evidence.

Case Laws Money Laundering

August 1, 2024

The court rejected the bail application u/s 45 of the PMLA, finding reasonable grounds to believe the applicant was involved in money laundering related to proceeds from the Mahadev Book App's online betting operations. The applicant admitted to being a hawala operator, receiving havala money from associates linked to the App's promoters. His jewellery shop hosted a party with the App's promoters. The court held there was prima facie evidence of the applicant's involvement in laundering proceeds of crime u/s 3 of the PMLA, and denying bail considering the risk of committing further offences.

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The court rejected the bail application u/s 45 of the PMLA, ...

Bail denied for alleged hawala operator linked to online betting app. Court finds prima facie money laundering evidence.

Case Laws Money Laundering

August 1, 2024

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