In Jammu and Kashmir, a special court today rejected the bail application of the alleged ‘kingpin’ in the 2022 JKSSB sub-inspector recruitment exam paper leak case. The court said money laundering is a serious threat not only to the financial system of the country but also to the global economy at large. Hearing the bail plea of the accused, Bala Jyoti, Special Judge, Anti-corruption, Jammu, said the court is of the firm opinion that the application being devoid of any legal force and premature is not maintainable at this stage as the investigation is incomplete and at its infancy, besides many important witnesses are yet to be examined by the ED. The alleged mastermind Yatin Yadav, a resident of Rewari in Haryana state was arrested by the Directorate of Enforcement, Jammu under criminal sections of the Prevention of Money Laundering Act (PMLA) on the 24th of this month and is presently under judicial custody.