Bengaluru Court Denies Bail to Sunish Hegde in Hacker Sriki Money Laundering Case
A Bengaluru court denied bail to businessman Sunish Hegde, associating him with alleged money laundering linked to international hacker Srikrishna Ramesh, alias Sriki. The Enforcement Directorate (ED) found prima facie evidence of Hegde's active involvement in laundering proceeds from cybercrimes between 2017 and 2020. Hegde, who runs gambling establishments, argued unfamiliarity with cryptocurrencies and challenged the prosecution's reliance on statements under the Prevention of Money Laundering Act, but the ED presented digital wallet evidence to counter this claim.