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2022 (4) TMI 1568 - HC - Money LaunderingMoney Laundering - Seeking grant of bail - huge amount embezzled in the project of Gomti River Front - HELD THAT:- The matter pertains to a large scam of Rs. 1500 crores and it was an admitted fact that the applicant was the then Executive Engineer in the department and it was his responsibility to deposit the said "centage charges" - Corruption is a form of dishonesty which is undertaken by a person or persons or organization, which is entrusted with a position of authority, in order to acquire illicit benefits or abuse of power for one's personal gain. The applicant has clearly misused the power entrusted to him and he does not deserve any leniency. Considering the facts and circumstances of the case, the nature of offence, embezzlement of huge amount, complicity of accused as well as the rival submissions advanced by the learned counsel for the parties and without expressing any opinion on the merits of the case, the applicant cannot be released on bail. The bail application of the applicant is rejected.
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