https://www.taxtmi.com/caselaws?id=389337 In serious economic offences involving large-scale investor fraud, bail may be cancelled where the accused's continued liberty is likely to frustrate recovery of public funds, impede liquidation of assets, or obstruct justice. The record described a prima facie role as a founding director and key decision-maker, including inducing investments, handling accounts, and facilitating siphoning of funds, while earlier interim bail conditions had not achieved asset realisation for repayment of investors. On that basis, the grant of bail was held unjustified, the bail bonds were cancelled, and the bail orders were vacated. en-us Tue, 19 Nov 2019 00:00:00 +0530 Thu, 05 Dec 2019 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389337 In serious economic offences involving large-scale investor fraud, bail may be cancelled where the accused's continued liberty is likely to frustrate recovery of public funds, impede liquidation of assets, or obstruct justice. The record described a prima facie role as a founding director and key decision-maker, including inducing investments, handling accounts, and facilitating siphoning of funds, while earlier interim bail conditions had not achieved asset realisation for repayment of investors. On that basis, the grant of bail was held unjustified, the bail bonds were cancelled, and the bail orders were vacated. Case-Laws Indian Laws Tue, 19 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389337