Money laundering case involving proceeds of crime, financial ...

Massive financial fraud via sham deals to launder ill-gotten wealth; accused mastermind denied bail in multi-crore scam.

Case Laws Money Laundering

November 21, 2024

Money laundering case involving proceeds of crime, financial irregularities through paper sale transactions without actual business resulting in false inflation of financials. Evidence shows accused knowingly involved in the process, beneficiary of proceeds. Sufficient material reflecting guilt u/s 45 of PMLA. Considering serious economic offence involving siphoning off public funds worth Rs.3035.52 crores, co-accused's bail rejection by Supreme Court, accused denied bail by High Court.

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Money laundering case involving proceeds of crime, financial ...

Massive financial fraud via sham deals to launder ill-gotten wealth; accused mastermind denied bail in multi-crore scam.

Case Laws Money Laundering

November 21, 2024

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