Karnataka High Court grants bail to hacker Sriki in money laundering case

The ED alleged that proceeds of crime allegedly acquired by prime accused Robin, Sunish Hegde, and Sriki was about ₹340 crore in the money laundering case. | Photo Credit: File photo

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.