https://www.taxtmi.com/caselaws?id=283611 Prima facie material showed a pyramid-style multilevel marketing scheme with dishonest inducement, concealment of the business model, and likely loss to many investors, so the alleged conduct could attract the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 and cheating under IPC Section 420. The applicants' top-level control over training, workshops, and marketing methods reinforced the serious economic character of the allegations. Given the limited protection already afforded during investigation and the absence of grounds for pre-arrest relief under CrPC Section 438, the Bombay HC refused anticipatory bail. en-us Fri, 06 May 2016 00:00:00 +0530 Wed, 02 Oct 2019 13:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283611 Prima facie material showed a pyramid-style multilevel marketing scheme with dishonest inducement, concealment of the business model, and likely loss to many investors, so the alleged conduct could attract the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 and cheating under IPC Section 420. The applicants' top-level control over training, workshops, and marketing methods reinforced the serious economic character of the allegations. Given the limited protection already afforded during investigation and the absence of grounds for pre-arrest relief under CrPC Section 438, the Bombay HC refused anticipatory bail. Case-Laws Indian Laws Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283611