The applicant's bail application was rejected as the conditions ...

Bail rejected for key conspirator in rice milling scam money laundering case.

January 18, 2025

Case Laws     Money Laundering     HC

The applicant's bail application was rejected as the conditions u/s 45 of PMLA were not satisfied. The HC found substantial material indicating the applicant's involvement as a key conspirator and beneficiary in the money laundering offence related to the alleged custom rice milling levy scam. The economic offence involving deep-rooted conspiracy and huge public loss was viewed seriously. The HC held that the twin conditions u/s 45 obligated it to arrive at a positive finding that the applicant did not commit a money laundering offence, which was not established. The presumption of guilt on the accused under PMLA to disprove involvement in money laundering remained unfulfilled. Consequently, the bail prayer was rejected.

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