{
  "id": 4113232,
  "title": "Bengaluru hacker denied bail over ED evidence of Rs 288 crore money trail",
  "url": "https://urgent.news/2026/08/29/bengaluru-hacker-denied-bail-over-ed-evidence-of-rs-288-crore-money",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-29T04:42:40.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/cities/bangalore/bengaluru-hacker-sriki-bail-rs-288-crore-money-laundering-10854237/"
  },
  "original_language": "en",
  "account": "A 30-year-old Bengaluru hacker, Srikrishna Ramesh alias Sriki, and his accountant, Robin Khandelwal, were denied bail by a special court for money-laundering cases after being accused of amassing over Rs 288 crore through hacking activities. The Prevention of Money Laundering Act (PMLA) court dismissed their bail pleas, noting that the investigation had quantified the alleged proceeds of crime at approximately Rs 288,96,54,677. Sriki has been in jail for three months since his arrest by the Enforcement Directorate (ED) in May. The court stated that the prosecution's prima-facie evidence indicated Sriki's involvement in generating the proceeds and their subsequent possession, transfer, concealment, and utilization, making his role neither peripheral nor incidental. The ED alleged that the proceeds were routed through multiple wallets and intermediary channels, with technologies like mixers and CoinJoin used for concealing or obfuscating the trail of the virtual digital assets. The court also pointed out that Sriki continued to engage in illegal activities after his arrest in 2020 for hacking-related offenses.",
  "summary": null,
  "key_points": [
    "Bengaluru hacker Srikrishna Ramesh denied bail in Rs 288 crore money laundering case",
    "Enforcement Directorate (ED) presented evidence of alleged proceeds of crime",
    "Special court dismissed bail, citing involvement in generating, transferring, and utilizing funds"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}