The Calcutta HC denied bail to an individual accused of involvement in a multi-crore betting scam, citing prima facie evidence of providing mule accounts for illegal betting. This highlights strict judicial scrutiny in cases under the PMLA.
Calcutta HC Rejects Bail in Multi-Crore Betting Scam Under PMLA
The Calcutta High Court has rejected bail for an accused individual implicated in a substantial betting scam, reinforcing the rigorous standards employed in cases under the Prevention of Money Laundering Act (PMLA). The court found sufficient prima facie evidence indicating the individual's involvement in facilitating illegal betting activities by providing mule accounts.
In its examination, the court scrutinized the nature and scale of the alleged offenses, which prominently featured the presence of organized crime elements. By denying bail, the court underscored the seriousness of offenses under the PMLA, which necessitates stringent penal measures for those involved.
For attorneys navigating the complexities of PMLA cases, this ruling serves as a cautionary indicator of the judiciary's stringent approach towards bail applications in cases involving substantial financial wrongdoing, thus underlining the importance of strong evidentiary support when defending such clients.
Citations
- Calcutta HC Order (2026) TaxScan
