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2022 (6) TMI 1395 - ALLAHABAD HIGH COURTSeeking grant of bail - Huge amount invested by the investors were deposited in the account of sister companies of the GIPL to which applicant was one of the Directors - Amounts so deposited in the accounts of sister companies of GIPL were diverted for another purposes to another person. Investors are still awaiting for their return of hard-earned money - HELD THAT:- As is evident from the record, applicant is not named in the F.I.R. He was not the Director, Office Bearer or Manager of the GIPL. He was Director of sister companies of GIPL. There is no evidence to show that the applicant at any point of time induced or propagate to invest money in the Bike Bot Scheme launched by the GIPL. Cheques said to have been issued in the matter were issued by one Karan Pal Singh. No amount has been credited in the personal account of the applicant. Thus, keeping in view the entire facts and circumstances of the case and comparing the same with the ingredients of alleged offences, the orders granting bail to co-accused Sanjay Goel, Satinder Singh Bhasin, Smt. Rekha, Dinesh Pandey and Vijay Kumar Sharma and also taking into consideration the settled principles of law for granting bail, without expressing any opinion on the merits of the case, the Court is of the view that the applicant has made out a case for bail. Let the applicant Manoj Tyagi involved in Case Crime Nos. 385 of 2019, 873 of 2019, 697 of 2019, 432 of 2019 and 362 of 2019 under Sections 409, 420, 467, 468, 471, 201, 120-B IPC, Police Station Dadri, District Gautam Budh Nagar be released on bail on furnishing each a personal bond and two heavy sureties in each cases in the like amount to the satisfaction of the court concerned subject to the conditions imposed - application allowed.
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