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    <description>Regular bail was granted in a serious economic offence involving alleged misappropriation of scholarship funds because continued custody was not shown to be necessary. The court balanced the gravity of the allegations against the stage of investigation, noting that inquiry into several institutions was still incomplete, no definite completion timeline was given, and material had already been substantially seized by the investigating agency. As the petitioner was not facing a disproportionate assets allegation and any risk of flight or interference could be managed by strict conditions, indefinite pre-trial detention was held inconsistent with personal liberty and the presumption of innocence.</description>
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