2015 (1) TMI 1485

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..... n granted extension till 28th February, 2015. Considering the facts and circumstances of the case including the fact that Respondent No. 2 has been involved in similar cases and apparently owes a large amount of money to various investors, we are of the opinion that the High Court ought not to have granted bail to Respondent No.2. Bail application dismissed. - CRIMINAL APPEAL Nos.143-144 O .....

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..... cheating persons under what are commonly called ponzi schemes. By the impugned order of bail, Respondent No. 2 was directed to deposit an amount of Rs.10,00,000/- (Rupees ten lakhs only) on or before 31st August, 2014 and thereafter deposit further sums of Rs. 15,00,000/-(Rupees fifteen lakhs only) on or before 30th October, 2014 and Rs.15,00,000/-(Rupees fifteen lakhs only) on or before 30th A .....

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