https://www.taxtmi.com/caselaws?id=464736 Bail in an alleged economic offence was declined because the investigation materials, including the FIR, witness statements and seized registers, showed a prima facie organised scheme of collecting deposits with promises of high returns. The HC treated the matter as a serious economic offence involving numerous depositors, substantial public loss and allegations of a deep-rooted conspiracy. It also considered that further investigation was still continuing. Applying the gravity of the offence, the public interest involved and the existing prima facie material, the Court held that the accused persons were not entitled to release at that stage. 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 Bail in an alleged economic offence was declined because the investigation materials, including the FIR, witness statements and seized registers, showed a prima facie organised scheme of collecting deposits with promises of high returns. The HC treated the matter as a serious economic offence involving numerous depositors, substantial public loss and allegations of a deep-rooted conspiracy. It also considered that further investigation was still continuing. Applying the gravity of the offence, the public interest involved and the existing prima facie material, the Court held that the accused persons were not entitled to release at that stage. Case-Laws Indian Laws Wed, 19 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464736