High Court Denies Bail for Appellant Accused of Diverting Public Funds Through 27 Companies Linked to Rose Valley Group.

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....Appellant floated as many as 27 companies to allure the investors to invest in their different companies on a promise of high returns and funds were collected from the public at large which were subsequently laundered in associated companies of Rose Valley Group - High Court has not committed any wrong in refusing bail in the given circumstances. - SC....