https://www.taxtmi.com/caselaws?id=112633 The Special Court Act was construed broadly to confer exclusive jurisdiction over offences connected with the securities scam, and diversion of bank funds through a purported call money transaction intended to facilitate securities dealings fell within that scope. Circumstantial evidence, including coordinated conduct and immediate diversion of funds, was treated as sufficient to infer criminal conspiracy without direct proof of agreement. Knowingly diverting public funds for a private broker was held to establish criminal breach of trust and criminal misconduct. The sanction orders for prosecuting NHB officials were upheld, and any sanction irregularity did not vitiate the conviction absent failure of justice. en-us Fri, 07 Aug 2009 00:00:00 +0530 Fri, 03 Apr 2020 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112633 The Special Court Act was construed broadly to confer exclusive jurisdiction over offences connected with the securities scam, and diversion of bank funds through a purported call money transaction intended to facilitate securities dealings fell within that scope. Circumstantial evidence, including coordinated conduct and immediate diversion of funds, was treated as sufficient to infer criminal conspiracy without direct proof of agreement. Knowingly diverting public funds for a private broker was held to establish criminal breach of trust and criminal misconduct. The sanction orders for prosecuting NHB officials were upheld, and any sanction irregularity did not vitiate the conviction absent failure of justice. Case-Laws Indian Laws Fri, 07 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112633