https://www.taxtmi.com/caselaws?id=403752 Bail under Section 439 CrPC was refused in an alleged large-scale financial fraud involving public deposits without requisite regulatory permission, where the record indicated the petitioner's role as a chief promoter and planner. The Court noted that investigation was still ongoing, several co-accused remained at large, and the agency faced delay due to evasion by others. Alleged receipt of funds through bank accounts and purchase of immovable property strengthened the prosecution case at the bail stage. Release was held likely to prejudice the pending investigation and harm the interests of numerous victims, so the bail petition was rejected. en-us Fri, 04 Sep 2020 00:00:00 +0530 Mon, 08 Feb 2021 07:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403752 Bail under Section 439 CrPC was refused in an alleged large-scale financial fraud involving public deposits without requisite regulatory permission, where the record indicated the petitioner's role as a chief promoter and planner. The Court noted that investigation was still ongoing, several co-accused remained at large, and the agency faced delay due to evasion by others. Alleged receipt of funds through bank accounts and purchase of immovable property strengthened the prosecution case at the bail stage. Release was held likely to prejudice the pending investigation and harm the interests of numerous victims, so the bail petition was rejected. Case-Laws Indian Laws Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403752