https://www.taxtmi.com/caselaws?id=297357 The Supreme Court declined to interfere with the High Court's refusal of bail in a case involving alleged large-scale bank fraud, finding prima facie material of a systematic conspiracy and involvement in misuse of public funds. The Court treated the gravity of the offences, the magnitude of the loss, and the risks of absconding, witness intimidation, and tampering with evidence as decisive factors against release. It reiterated that High Court orders granting or refusing bail are not ordinarily interfered with except in exceptional cases. Bail was therefore refused. en-us Wed, 16 Nov 2005 00:00:00 +0530 Tue, 31 Dec 2024 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297357 The Supreme Court declined to interfere with the High Court's refusal of bail in a case involving alleged large-scale bank fraud, finding prima facie material of a systematic conspiracy and involvement in misuse of public funds. The Court treated the gravity of the offences, the magnitude of the loss, and the risks of absconding, witness intimidation, and tampering with evidence as decisive factors against release. It reiterated that High Court orders granting or refusing bail are not ordinarily interfered with except in exceptional cases. Bail was therefore refused. Case-Laws Indian Laws Wed, 16 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297357