https://www.taxtmi.com/caselaws?id=414018 Bail was declined in allegations of cheating, criminal breach of trust, misappropriation and criminal conspiracy arising from a crypto-currency investment scheme. The Court relied on complaints from multiple investors, bank trail material, the applicant's alleged role as proprietor and authorised signatory, and use of registration documents and a rent agreement to open accounts and collect funds. It also noted continued receipts after the RBI circular cautioning against virtual currency dealings, the alleged closure of the office, departure to Dubai, and the large-scale economic character of the offence affecting many investors. On that material, release on bail was found inappropriate. en-us Tue, 26 Oct 2021 00:00:00 +0530 Wed, 27 Oct 2021 09:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414018 Bail was declined in allegations of cheating, criminal breach of trust, misappropriation and criminal conspiracy arising from a crypto-currency investment scheme. The Court relied on complaints from multiple investors, bank trail material, the applicant's alleged role as proprietor and authorised signatory, and use of registration documents and a rent agreement to open accounts and collect funds. It also noted continued receipts after the RBI circular cautioning against virtual currency dealings, the alleged closure of the office, departure to Dubai, and the large-scale economic character of the offence affecting many investors. On that material, release on bail was found inappropriate. Case-Laws Indian Laws Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414018