BENGALURU: In a big setback for Sudarshan Ramesh, elder brother of Bitcoin scam accused Srikrishna, the high court has rejected his petition challenging the cancellation of his passport and also the lookout circular (LOC) issued against him.
“In the instant case, investigation of money laundering against the brother of the petitioner is in progress, apart from investigation regarding role of the petitioner along with his brother in money laundering,” justice SG Pandit observed. The judge added that in light of extracts of several emails placed before the court, the apprehension of respondents (ED) that the petitioner may settle down in the Netherlands and not be available for further investigation has to be respected. “It is for the petitioner to cooperate with the investigation being conducted by ED and to convince it that he has no role to play in the money-laundering case registered against his brother and request for withdrawal of LOC.”
