https://www.taxtmi.com/caselaws?id=464736 HC dismissed bail applications, finding strong prima facie evidence of conspiracy and repeated economic offences under IPC and relevant deposit-protection statutes. Recorded registers, statements and antecedents show applicants took/owed substantial sums (registers indicating Rs.12,00,000 and loans with outstanding dues totalling crores), victimizing 641 depositors and collecting over four crores. The court held the conduct was continuous, organized and caused large public loss, with deep-rooted collusion with co-accused and ongoing investigation likely to take time. Granting bail would prejudice public interest; appeal and bail petitions were rejected. en-us Wed, 19 Jul 2017 00:00:00 +0530 Wed, 12 Nov 2025 13:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464736 HC dismissed bail applications, finding strong prima facie evidence of conspiracy and repeated economic offences under IPC and relevant deposit-protection statutes. Recorded registers, statements and antecedents show applicants took/owed substantial sums (registers indicating Rs.12,00,000 and loans with outstanding dues totalling crores), victimizing 641 depositors and collecting over four crores. The court held the conduct was continuous, organized and caused large public loss, with deep-rooted collusion with co-accused and ongoing investigation likely to take time. Granting bail would prejudice public interest; appeal and bail petitions were rejected. Case-Laws Indian Laws Wed, 19 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464736