High Court Denies Bail in Cryptocurrency Fraud Case; Applicant Allegedly Misused Investor Funds, Fled to Dubai Without Repayment.

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....Seeking grant of Bail - Breach of Trust - trading in crypto currency - collection of huge amounts from gullible investors - Coupled with the factum that after allegedly inducing the complainants to give their hard earned money for investment in the firm Pluto Exchange, the assured returns were not given to the investors with the applicant having closed his office of the Pluto Exchange firm at Connaught Place and having gone away to Dubai apparently admittedly even as per averments made in his application though he has submitted that he was running a gold business, the factum that despite running a gold business, the applicant did not return the amounts due to the complainants, cannot be overlooked - Bail rejected - HC....