https://www.taxtmi.com/caselaws?id=311596 Regular bail under Section 439 CrPC was refused because the alleged economic offences involved misappropriation of public money, punishment extending up to life imprisonment, and a real apprehension that the applicant would not remain available for trial. The Court noted that the charge-sheet had been filed, the applicant was the managing director and chief executive officer of the concerned exchange, several accused including close family members were absconding, and the applicant had been arrested after significant delay. In view of the gravity of the allegations and the risk to trial availability, bail discretion was not exercised. en-us Tue, 30 Jul 2013 00:00:00 +0530 Thu, 04 Jan 2024 17:17:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311596 Regular bail under Section 439 CrPC was refused because the alleged economic offences involved misappropriation of public money, punishment extending up to life imprisonment, and a real apprehension that the applicant would not remain available for trial. The Court noted that the charge-sheet had been filed, the applicant was the managing director and chief executive officer of the concerned exchange, several accused including close family members were absconding, and the applicant had been arrested after significant delay. In view of the gravity of the allegations and the risk to trial availability, bail discretion was not exercised. Case-Laws Money Laundering Tue, 30 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311596