https://www.taxtmi.com/caselaws?id=311409 Corporate funds diverted through a sham commercial route without any lawful business purpose can amount to criminal breach of trust when they remain under a director's dominion, even if the money is not personally retained. The Court upheld conviction under Section 406 IPC for accused No. 1 because the documentary trail showed an unsupported false explanation and an impermissible collateral use of company money. By contrast, an employee who merely signed a cheque and approved a voucher in the ordinary course of duty was not shown to have guilty knowledge or conscious participation in a conspiracy, so accused No. 2's acquittal was confirmed. en-us Wed, 10 Feb 1993 00:00:00 +0530 Sat, 23 Dec 2023 18:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311409 Corporate funds diverted through a sham commercial route without any lawful business purpose can amount to criminal breach of trust when they remain under a director's dominion, even if the money is not personally retained. The Court upheld conviction under Section 406 IPC for accused No. 1 because the documentary trail showed an unsupported false explanation and an impermissible collateral use of company money. By contrast, an employee who merely signed a cheque and approved a voucher in the ordinary course of duty was not shown to have guilty knowledge or conscious participation in a conspiracy, so accused No. 2's acquittal was confirmed. Case-Laws Indian Laws Wed, 10 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311409