Bengaluru: A special Prevention of Money Laundering Act (PMLA) court in the city rejected the bail petitions of alleged hacker Srikrishna Ramesh alias Sriki and his financial conduit, Robin Khandelwal.The duo was arrested by Enforcement Directorate (ED) in May. Special public prosecutor Madhu N Rao, representing ED, strongly opposed their release by highlighting the scale of their multi-crore cryptocurrency laundering network. Both are in judicial custody at Bengaluru Central Prison.The special court rejected the bail applications after reviewing the evidence compiled by ED. In July, the agency filed a 3,500-page prosecution complaint (chargesheet) against Sriki, Khandelwal, and businessman Sunish Hegde.
