https://www.taxtmi.com/highlights?id=86514 HC dismissed the bail application in a money laundering case related to proceeds from Mahadev online book. The court found sufficient prima facie evidence of the applicant's involvement in money laundering under Section 3 of PMLA, 2002. Rejecting the applicant's denial of knowledge about transactions, the court determined there were reasonable grounds to believe the accused was involved in an organized crime with complex facets. Under Section 45 of PMLA, the court concluded the applicant would likely commit further offenses if released. Given the nature of allegations, gravity of the offense, and investigation materials, bail was denied. en-us Sat, 15 Mar 2025 08:41:26 +0530 Sat, 15 Mar 2025 08:41:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=86514 HC dismissed the bail application in a money laundering case related to proceeds from Mahadev online book. The court found sufficient prima facie evidence of the applicant's involvement in money laundering under Section 3 of PMLA, 2002. Rejecting the applicant's denial of knowledge about transactions, the court determined there were reasonable grounds to believe the accused was involved in an organized crime with complex facets. Under Section 45 of PMLA, the court concluded the applicant would likely commit further offenses if released. Given the nature of allegations, gravity of the offense, and investigation materials, bail was denied. Highlights Money Laundering Sat, 15 Mar 2025 08:41:26 +0530 https://www.taxtmi.com/highlights?id=86514