https://www.taxtmi.com/caselaws?id=771834 Chhattisgarh HC rejected regular bail application in money laundering case involving illegal online betting platform "Sky-exchange" under "Mahadev Online Book" syndicate. Applicant's user ID was extracted from seized digital device, confirming participation in illegal betting operations. Investigation revealed fraudulent loan transactions with brother's entities to disguise proceeds of crime. Court found sufficient prima facie evidence of applicant's knowing involvement in receiving proceeds of crime under PMLA-2002 Section 3. Considering organized crime nature and Section 45 provisions, Court determined reasonable grounds existed for believing applicant would commit further offences if granted bail, hence rejected application. en-us Tue, 06 May 2025 00:00:00 +0530 Sat, 31 May 2025 08:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771834 Chhattisgarh HC rejected regular bail application in money laundering case involving illegal online betting platform "Sky-exchange" under "Mahadev Online Book" syndicate. Applicant's user ID was extracted from seized digital device, confirming participation in illegal betting operations. Investigation revealed fraudulent loan transactions with brother's entities to disguise proceeds of crime. Court found sufficient prima facie evidence of applicant's knowing involvement in receiving proceeds of crime under PMLA-2002 Section 3. Considering organized crime nature and Section 45 provisions, Court determined reasonable grounds existed for believing applicant would commit further offences if granted bail, hence rejected application. Case-Laws Money Laundering Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771834