https://www.taxtmi.com/caselaws?id=472309 Bail in allegations of fraudulent loan transactions requires assessment of the prima facie case, offence gravity and societal impact, public interest, and the risk of interference with justice. Alleged concerted siphoning of co-operative bank funds through loans was treated as seriously affecting depositors and the banking system. Temporary bail intended to enable recovery had not resulted in recovery. Alleged influence of the accused, together with a genuine apprehension of evidence tampering and interference with pending proceedings, weighed against release. Bail was therefore denied. en-us Wed, 06 Oct 2004 00:00:00 +0530 Wed, 07 Oct 2026 14:44:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472309 Bail in allegations of fraudulent loan transactions requires assessment of the prima facie case, offence gravity and societal impact, public interest, and the risk of interference with justice. Alleged concerted siphoning of co-operative bank funds through loans was treated as seriously affecting depositors and the banking system. Temporary bail intended to enable recovery had not resulted in recovery. Alleged influence of the accused, together with a genuine apprehension of evidence tampering and interference with pending proceedings, weighed against release. Bail was therefore denied. Case-Laws Indian Laws Wed, 06 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472309