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TMI Blog2022 (2) TMI 1441X X X X Extracts X X X X X X X X Extracts X X X X ..... Vice Chairman of Sterling Urban Cooperative Bank Limited and he had assisted Girdhar Singh Sodha to infuse Rs.8 Crores in the form of Share Capital in the name of his close aids against the bye-laws of Sterling Urban Cooperative Bank Limited. Petitioner had done fraudulent activity relating to offence of money laundering. Looking to the gravity of offence, it is not considered a fit case to enlarge the petitioner on bail - bail application dismissed. - HON'BLE MR. JUSTICE NARENDRA SINGH DHADDHA For the Petitioner : Mr. Anil Kumar Upman, Adv. For the Respondent : Mr. R. D. Rastogi, Additional Solicitor General with Mr. C. S. Sinha, Adv. through VC Mr. Anand Sharma, Adv. through VC ORDER 1. Petitioner has filed this bail application un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Criminal Miscellaneous Bail Application No.14691/2020 decided on 05.02.2021. 5. Learned counsel for the respondent has opposed the arguments advanced by learned counsel for the petitioner and submitted that the petitioner is economic offenders and Hon ble Apex Court in various pronouncement stated that economic offenders should not be dealt with similar to general offenders. Learned counsel for the respondent also submitted that petitioner has active role in the crime and he was closed associate to Girdhar Singh Sodha who had done the fraud amounting to Rs.390 Crores. Learned counsel for the respondent also submitted that petitioner was a Vice Chairman of Sterling Urban Cooperative Bank Limited and he is being closed associate to Girdhar S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... S.B. Criminal Revision Petition No.273/2019 decided on 24.01.2020; (15) Shyam Sundar Singhvi Vs. Union of India in SLP (Criminal) No.792/2020 decided on 10.02.2021 and (16) Rohit Tandon Vs. Union of India Ors. Reported in (2018) 11 SCC 46. 7. I have considered the arguments advanced by learned counsel for the petitioner as well as learned counsel for the respondent. 8. It is revealed from the record that the petitioner is closed associate with the main fraudster Girdhar Singh Sodha and assisted him in managing proceeds of crime generated through Navjeevan Credit Cooperative Society Limited. Petitioner was a Vice Chairman of Sterling Urban Cooperative Bank Limited and he had assisted Girdhar Singh Sodha to infuse Rs.8 Crores in the form of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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