https://www.taxtmi.com/caselaws?id=457006 Bail was refused in allegations of large-scale misappropriation of provident fund money through investment in a private finance entity in breach of provident fund rules, trust deed conditions, the Indian Trusts Act, the Companies Act, and the relevant finance notification. The Court noted allegations of unauthorised investment, forged minutes, and a brokerage trail suggesting unlawful gain. Applying the approach for economic offences, it treated the matter as involving deep-rooted conspiracy, public fund loss, the gravity of the allegations, and the risk of tampering, and found a prima facie case warranting denial of bail. en-us Fri, 10 Apr 2020 00:00:00 +0530 Fri, 30 Aug 2024 19:01:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457006 Bail was refused in allegations of large-scale misappropriation of provident fund money through investment in a private finance entity in breach of provident fund rules, trust deed conditions, the Indian Trusts Act, the Companies Act, and the relevant finance notification. The Court noted allegations of unauthorised investment, forged minutes, and a brokerage trail suggesting unlawful gain. Applying the approach for economic offences, it treated the matter as involving deep-rooted conspiracy, public fund loss, the gravity of the allegations, and the risk of tampering, and found a prima facie case warranting denial of bail. Case-Laws Indian Laws Fri, 10 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457006