Misappropriation of Scholarship Funds of SC/ST/OBC Students: Himachal Pradesh HC dismisses Bail Application on Lack of Satisfaction u/s 45 of PMLA [Read Order]
The court observed that conditions in Section 45 of the PMLA cannot be said to exist in favour of the applicants, as there are no reasonable grounds for believing that the applicants are not guilty of offence
The Himachal Pradesh High Court dismissed the bail application in a case involving the misappropriation of scholarship funds meant for SC, ST, and OBC students, citing a lack of satisfaction under Section 45 of the Prevention of Money Laundering Act ( PMLA ). The applicants, Rajdeep Singh and Krishnan Kumar, directors of ASAMS Education Group,…
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