Kerala High Court Denies Bail to Accused in Chinese Loan App Scam

The Kerala High Court has dismissed the bail plea of Sayid Muhammed, fifth accused in a ₹121 crore Chinese loan app money laundering case under the PMLA.

Justice Bechu Kurian Thomas noted that the investigation revealed the petitioner’s active involvement in acquiring and transferring proceeds of crime through 289 mule bank accounts. 

The ED alleged Muhammad used social media and WhatsApp to push unlisted Chinese loan apps, accessed sensitive Android phone data, and later extorted money.

He also set up crypto accounts and remitted ₹3.47 crore abroad. The Court held these charges showed clear culpability and denied bail.