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2023 (2) TMI 647 - MADHYA PRADESH HIGH COURTSeeking grant of anticipatory bail - default of tax evasion under the SGST Act alleged against the petitioner - HELD THAT:- The material on record produced in the case diary does not reveal that the case against petitioner is a false one. Prima facie it appears that allegations made against the petitioner need to be investigated and since a lot many Institutions and their office bearers/ proprietors/Directors are involved and the money trail has to be traced to its origin, the requirement shown by the prosecution for custodial interrogation of petitioner does not appear to be unreasonable. The amount of tax evasion is more than 15 crores, for which though the maximum punishment prescribed is 5 years but considering the fact that the said allegations cast adverse shadow upon the financial health of various institutions including the Bank thereby belying the trust of common man in the even tempo of economic growth, this Court declines to interfere. This Court prima facie feels from the complexity of allegations where very large tax evasion is involved and the money trail has to be traced to its origin, the demand of prosecution for custodial interrogation of petitioner appears to be reasonable - bail application dismissed.
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