The HC rejected bail for the applicant charged under Sections 3 ...

Bail Denied in 2000 Crore Money Laundering Case Under Sections 3 & 4 of PMLA for Key Liquor Syndicate Player

March 11, 2025

Case Laws     Money Laundering     HC

The HC rejected bail for the applicant charged under Sections 3 & 4 of PMLA involving proceeds of crime exceeding 2000 crores. The court determined the applicant was a key player in a liquor syndicate that engaged in massive corruption within the Excise Department, causing substantial loss to the State Exchequer. Despite retraction statements by co-accused persons, the court found prima facie evidence of the applicant's involvement in money laundering activities. The applicant failed to satisfy the twin conditions under Section 45 of PMLA, as the ED established reasonable grounds to believe the applicant was guilty of the offense. The bail application under Section 483 of BNSS read with Section 45 of PMLA was accordingly rejected.

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