HC denied bail application under PMLA, 2002 for accused involved ...

Coal Syndicate Member Denied Bail Under Section 45 PMLA for Rs. 540 Crore Extortion and Money Laundering

February 24, 2025

Case Laws Money Laundering HC

HC denied bail application under PMLA, 2002 for accused involved in illegal coal transportation extortion scheme. Evidence showed accused participated in syndicate collecting illegal levies of approximately Rs. 540 crores between July 2020-June 2022. Proceeds were used for political funding, bribes, and property purchases through benamidars. Investigation revealed accused received salary and bonuses from illegal funds, used for purchasing properties in own and spouse's name. Court found accused failed to meet twin conditions under Section 45 PMLA for bail grant and did not discharge burden of proof to dislodge prosecution's case. Following SC precedent in ED v. Aditya Tripathi regarding rigorous bail conditions under PMLA, application rejected under Section 483 BNSS, 2023.

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HC denied bail application under PMLA, 2002 for accused involved ...

Coal Syndicate Member Denied Bail Under Section 45 PMLA for Rs. 540 Crore Extortion and Money Laundering

February 24, 2025

Case Laws Money Laundering HC

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