https://www.taxtmi.com/caselaws?id=394763 Bail was refused in an alleged economic offence involving diversion of provident fund investments into a private financial company, with alleged forged board minutes and brokerage-linked illicit gain. The Court treated the case as a grave economic offence and applied the settled bail approach that requires consideration of the nature of the accusation, the seriousness of the offence, the available evidence, and whether further investigation may be prejudiced. On the material cited, including a prima facie money trail and a still-untraced flow of funds, the applications were rejected. en-us Tue, 07 Apr 2020 00:00:00 +0530 Fri, 24 Apr 2020 10:30:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394763 Bail was refused in an alleged economic offence involving diversion of provident fund investments into a private financial company, with alleged forged board minutes and brokerage-linked illicit gain. The Court treated the case as a grave economic offence and applied the settled bail approach that requires consideration of the nature of the accusation, the seriousness of the offence, the available evidence, and whether further investigation may be prejudiced. On the material cited, including a prima facie money trail and a still-untraced flow of funds, the applications were rejected. Case-Laws Indian Laws Tue, 07 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394763