Applicant stock broker sought bail in case involving creation of fake Demat accounts and siphoning off...

Applicant stock broker sought bail in case involving creation of fake Demat accounts and siphoning off money from dormant shareholder accounts. Court held despite applicant being in touch with accused and forwarding WhatsApp messages about dormant shares, no material showed applicant's active role or benefit from alleged activities. Employee's statement u/s 164 CrPC did not implicate applicant. With scant material linking applicant directly to incident and over 5 months in custody, Court allowed bail on furnishing bond and sureties subject to conditions imposed by Trial Court. .....

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