https://www.taxtmi.com/caselaws?id=103802 Bail under the Foreign Exchange Regulation Act, 1973 was declined where prima facie material suggested active participation in alleged foreign exchange contraventions and the investigation remained ongoing. The Court treated the matter as a serious economic offence and held that, at the investigative stage, the proper enquiry was limited to prima facie involvement and the risk that release could hamper investigation or tamper with evidence. It further held that parity with another accused is insufficient unless the accusations and material are identical. On those grounds, arrest and detention were justified and release was refused. en-us Mon, 05 Aug 1996 00:00:00 +0530 Fri, 24 Feb 2012 16:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103802 Bail under the Foreign Exchange Regulation Act, 1973 was declined where prima facie material suggested active participation in alleged foreign exchange contraventions and the investigation remained ongoing. The Court treated the matter as a serious economic offence and held that, at the investigative stage, the proper enquiry was limited to prima facie involvement and the risk that release could hamper investigation or tamper with evidence. It further held that parity with another accused is insufficient unless the accusations and material are identical. On those grounds, arrest and detention were justified and release was refused. Case-Laws Companies Law Mon, 05 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103802