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2023 (4) TMI 594 - ALLAHABAD HIGH COURTSeeking grant of Bail - Bike Bot Scheme - involvement in the scheme of embezzlement of huge amount - money received from investors (even in the account of the applicant directly) have not been returned back to them - HELD THAT:- It is evident that although the Apex Court has ordered treating Case Crime No. 206 of 2019 as the main case and has directed charge sheets in other matters to be submitted in the said case as a supplementary charge sheets and has ordered clubbing of the cases together of the State of U.P. and New Delhi but looking to the nature of offence, the magnitude of the money embezzled has issued notices to the Enforcement Directorate and CBI to look into the matter for investigation by a central agency and as has surfaced during investigation that the applicant was involved in the company even since before his induction as an Additional Director and money was received by him directly in his bank accounts from various investors, it cannot be said that the applicant has not benefited from the money of the investors and the said scheme. The receiving of money directly in the bank account by the applicant from the investors clearly shows his active involvement and participation in the scheme and also being a part of group of persons involved in the scheme of embezzlement of huge amount. The money received from investors even in the account of the applicant directly have not been returned back to them. Looking to the facts and circumstances of the case, this Court does not find it to be a fit case for bail in all the bail applications - bail application dismissed.
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