https://www.taxtmi.com/caselaws?id=405814 Bail was refused in a prosecution alleging large-scale corporate fraud because the complaint and investigation material disclosed prima facie falsification of accounts, false trade receivables, misuse of letter of credit facilities, and substantial wrongful loss to public sector banks. The Court treated the matter as a serious economic offence affecting public interest and applied the settled bail approach that considers the nature and gravity of the accusation, the supporting material, the accused's role, and the wider societal impact. Parity with a co-accused, interim protection, and the applicant's medical condition did not justify release on the facts presented. en-us Thu, 25 Mar 2021 00:00:00 +0530 Sat, 27 Mar 2021 07:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405814 Bail was refused in a prosecution alleging large-scale corporate fraud because the complaint and investigation material disclosed prima facie falsification of accounts, false trade receivables, misuse of letter of credit facilities, and substantial wrongful loss to public sector banks. The Court treated the matter as a serious economic offence affecting public interest and applied the settled bail approach that considers the nature and gravity of the accusation, the supporting material, the accused's role, and the wider societal impact. Parity with a co-accused, interim protection, and the applicant's medical condition did not justify release on the facts presented. Case-Laws Companies Law Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405814