Money Laundering Allegations Lead to Bail Denial for Yogendra Tiwari
Ranchi: Liquor businessman Yogendra Tiwari’s bail plea was rejected by the PMLA special court, dealing a major blow to him in a money laundering case connected to a liquor scam.
RANCHI – In a significant legal development, the special court under the Prevention of Money Laundering Act (PMLA) has denied bail to liquor businessman Yogendra Tiwari.
This decision follows a comprehensive review of his bail petition in connection with a liquor scam-related money laundering case.
Tiwari, apprehended by the Enforcement Directorate (ED) on October 19 during an interrogation session, is embroiled in multifaceted legal troubles.
Apart from the liquor scam, he faces allegations of illegal land occupation and funneling proceeds from illicit sand smuggling into his liquor business.
His involvement in the liquor industry is extensive, with operations spread across 19 districts in the state.
Tiwari is accused of obtaining his liquor contracts through the support of Prem Prakash, who is similarly implicated in illegal mining activities.
The court’s rejection of Tiwari’s bail plea underscores the severity of the charges against him and signifies the ongoing crackdown on financial crimes and corruption.
