Validity of bail granted - siphoning of funds - While releasing ...

High Court Grants Bail Overlooking Key Evidence and Serious Allegations of Fund Siphoning and Document Forgery.

January 31, 2022

Case Laws     Indian Laws     SC

Validity of bail granted - siphoning of funds - While releasing Respondent no.2 on bail, the High Court has not at all considered the relevant factors including the nature and gravity of accusation; the modus operandi and the manner in which the offences have been committed through shell companies and creating the false/forged documents and/or misusing the PAN Cards, Aadhar Cards and KYCs of the employees and showing them as Directors of the fake and shell companies - the High Court has not at all considered and taken into consideration the status report and the evidence collected during the course of the investigation. - SC

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