https://www.taxtmi.com/caselaws?id=766356 Chhattisgarh HC rejected regular bail application under PMLA, 2002 for alleged involvement in coal transportation extortion syndicate. Court found applicant prima facie involved in conspiracy with bureaucrats and politicians to illegally extort Rs. 25 per tonne on coal transportation, generating approximately Rs. 540 crores proceeds of crime from July 2020 to June 2022. Applicant allegedly played specific role in syndicate formation, arranged meetings, collected illegal cash, and received salary from extortion money. Court held applicant failed to satisfy twin conditions under Section 45 PMLA for bail grant and could not reverse burden of proof. Investigation ongoing, bail application rejected. en-us Thu, 20 Feb 2025 00:00:00 +0530 Mon, 24 Feb 2025 08:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766356 Chhattisgarh HC rejected regular bail application under PMLA, 2002 for alleged involvement in coal transportation extortion syndicate. Court found applicant prima facie involved in conspiracy with bureaucrats and politicians to illegally extort Rs. 25 per tonne on coal transportation, generating approximately Rs. 540 crores proceeds of crime from July 2020 to June 2022. Applicant allegedly played specific role in syndicate formation, arranged meetings, collected illegal cash, and received salary from extortion money. Court held applicant failed to satisfy twin conditions under Section 45 PMLA for bail grant and could not reverse burden of proof. Investigation ongoing, bail application rejected. Case-Laws Money Laundering Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766356