Bail denied for alleged hawala operator linked to online betting app. Court finds prima facie money laundering evidence.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....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.....