https://www.taxtmi.com/caselaws?id=401821 Anticipatory bail in an alleged economic offence was declined where the allegations involved bogus contracts, siphoning of public money, and an incomplete investigation into the real beneficiaries. The Court treated the petitioner's role as Managing Director of ITNL and his involvement in the committee that approved the contracts as material to assessing responsibility. It also accepted the need for custodial interrogation, noting that the risk of tampering with evidence or influencing witnesses could not be ruled out. Grant of regular bail to some co-accused did not create parity on these facts, and anticipatory bail was therefore refused. en-us Tue, 15 Dec 2020 00:00:00 +0530 Thu, 17 Dec 2020 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401821 Anticipatory bail in an alleged economic offence was declined where the allegations involved bogus contracts, siphoning of public money, and an incomplete investigation into the real beneficiaries. The Court treated the petitioner's role as Managing Director of ITNL and his involvement in the committee that approved the contracts as material to assessing responsibility. It also accepted the need for custodial interrogation, noting that the risk of tampering with evidence or influencing witnesses could not be ruled out. Grant of regular bail to some co-accused did not create parity on these facts, and anticipatory bail was therefore refused. Case-Laws Money Laundering Tue, 15 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401821