HC denied bail to the accused in a PMLA case involving an ...

Bail Denied in PMLA Case: Accused Orchestrated Rs. 40 Per Quintal Extortion Scheme Through Rice Miller Payment Threats

January 31, 2025

Case Laws     Money Laundering     HC

HC denied bail to the accused in a PMLA case involving an extortion racket targeting rice millers. The accused allegedly orchestrated collection of Rs. 40 per quintal from special incentive payments. ED investigation revealed the accused as a key conspirator who facilitated proceeds of crime through threats to withhold MARKFED payments. Despite claims of insufficient direct evidence, the Court found substantial material establishing a money trail and strong nexus between the accused and co-conspirators. Considering the organized nature of the crime, gravity of allegations, and stringent provisions under Section 45 PMLA, the Court rejected bail application under Section 483 BNSS read with Section 45 PMLA for offenses under Sections 3 and 4 PMLA.

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