Orissa HC Denies Anticipatory Bail to Khageswar Patra: PMLA Violation

Khageswar Patra Vs Directorate of Enforcement (Orissa High Court) In the high-profile case, the Orissa High Court has rejected an anticipatory bail application put forth by Khageswar Patra. The dismissal was based on Patra’s failure to comply with Section 45 of the Prevention of Money Laundering Act (PMLA). Analysis:- The court was presented with a situation where Patra, accused of money laundering, had allegedly engaged in transactions with co-accused individuals. These dealings were refuted as being part of a friendly loan, with no evidence of money laundering. However, the Enforcemen...