https://www.taxtmi.com/highlights?id=79978 The court rejected the bail application u/s 45 of the PMLA, finding reasonable grounds to believe the applicant was involved in money laundering related to proceeds from the Mahadev Book App's online betting operations. The applicant admitted to being a hawala operator, receiving havala money from associates linked to the App's promoters. His jewellery shop hosted a party with the App's promoters. The court held there was prima facie evidence of the applicant's involvement in laundering proceeds of crime u/s 3 of the PMLA, and denying bail considering the risk of committing further offences. en-us Thu, 01 Aug 2024 08:31:42 +0530 Thu, 01 Aug 2024 08:31:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79978 The court rejected the bail application u/s 45 of the PMLA, finding reasonable grounds to believe the applicant was involved in money laundering related to proceeds from the Mahadev Book App's online betting operations. The applicant admitted to being a hawala operator, receiving havala money from associates linked to the App's promoters. His jewellery shop hosted a party with the App's promoters. The court held there was prima facie evidence of the applicant's involvement in laundering proceeds of crime u/s 3 of the PMLA, and denying bail considering the risk of committing further offences. Highlights Money Laundering Thu, 01 Aug 2024 08:31:42 +0530 https://www.taxtmi.com/highlights?id=79978