Court Denies Bail in Rs. 2000 Crore Economic Offences Case, Highlights Seriousness of Public Fund Misuse.

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Full Text of the Document

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....Grant of Bail - siphoning of funds - transfer of funds among different companies - The present case is of an economic offence involving siphoning of public money/investor money to the tune of ₹ 2000 crores. It is settled law that economic offences are considered to be grave offences especially when public money is involved and that the Courts have to be careful in granting bail in such cases - Bail not granted - HC....