Karnataka High Court grants bail to hacker Sriki in money laundering case
The Karnataka High Court granted bail to hacker Srikrishna Ramesh and Robin Khandelwal in a money laundering case linked to a 2020 cryptocurrency scam. The court cited the lengthy chargesheet and the fact that the accused were already on bail for predicate offenses.
Why it matters
This ruling highlights judicial considerations regarding the pace of trial proceedings and the rights of the accused in complex financial crime cases.
The High Court of Karnataka has granted bail to hacker Srikrishna Ramesh alias Sriki and Robin Khandelwal, who were arrested in May this year by the Enforcement Directorate in an alleged money laundering case initiated based on the alleged cryptocurrency scam registered against them by the city police in 2020-2021.
Justice S. Vishwajith Shetty passed the order while allowing their petitions after noticing that they were already enlarged on bail in the predicate offences and there is no chance for early conclusion of trial against them in the money laundering case as it contains over 8,000-page chargesheet and 10 witnesses.
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