https://www.taxtmi.com/caselaws?id=765382 The Chhattisgarh HC rejected the applicant's bail application under Section 45 of the PMLA for alleged money laundering offences. The applicant was accused of running an extortion racket involving Rs. 40 per quintal from rice millers' incentive payments. The court found substantial evidence establishing the applicant's role as a key conspirator and beneficiary, including witness statements under Section 50 of PMLA showing his involvement in demanding and collecting extortion money. Despite the applicant's denial and claims of lack of direct evidence, the court determined there was prima facie evidence of money laundering and sufficient nexus between the applicant and the crime, warranting continued detention. en-us Tue, 21 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 07:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765382 The Chhattisgarh HC rejected the applicant's bail application under Section 45 of the PMLA for alleged money laundering offences. The applicant was accused of running an extortion racket involving Rs. 40 per quintal from rice millers' incentive payments. The court found substantial evidence establishing the applicant's role as a key conspirator and beneficiary, including witness statements under Section 50 of PMLA showing his involvement in demanding and collecting extortion money. Despite the applicant's denial and claims of lack of direct evidence, the court determined there was prima facie evidence of money laundering and sufficient nexus between the applicant and the crime, warranting continued detention. Case-Laws Money Laundering Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765382