https://www.taxtmi.com/caselaws?id=275186 Allegations arising from bullion trading arrangements under a memorandum of understanding, together with parallel civil and arbitral proceedings, were examined to see whether they disclosed prima facie cheating, conspiracy, falsification of accounts and criminal misconduct. Although the record showed accounting irregularities and management lapses, it did not establish with sufficient certainty the petitioners' dishonest intention, specific role, authority over deposits and borrowings, or any proven pecuniary advantage. On that basis, the allegations were treated as insufficient to sustain the criminal case, and continuation of the prosecution was found to be an abuse of process. en-us Mon, 17 Apr 2017 00:00:00 +0530 Fri, 21 Sep 2018 08:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275186 Allegations arising from bullion trading arrangements under a memorandum of understanding, together with parallel civil and arbitral proceedings, were examined to see whether they disclosed prima facie cheating, conspiracy, falsification of accounts and criminal misconduct. Although the record showed accounting irregularities and management lapses, it did not establish with sufficient certainty the petitioners' dishonest intention, specific role, authority over deposits and borrowings, or any proven pecuniary advantage. On that basis, the allegations were treated as insufficient to sustain the criminal case, and continuation of the prosecution was found to be an abuse of process. Case-Laws Indian Laws Mon, 17 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275186