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TMI BlogCrypto currency scam: SC allows accused bail subject to Rs 35 lakh depositX X X X Extracts X X X X X X X X Extracts X X X X ..... Crypto currency scam: SC allows accused bail subject to Rs 35 lakh deposit X X X X Extracts X X X X X X X X Extracts X X X X ..... crypto currency scam in Chhattisgarh's Raipur district on a security deposit of Rs 35 lakh within six months. A bench of Justices J B Pardiwala and R Mahadevan said the case's trial would take a lo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng time and observed the man was accused of an economic offence in which about 2,000 investors lost their money. "We are convinced that the appellant deserves to be released on bail, subject to cert ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ain terms and conditions as may be imposed by the trial court," it added. The court observed as per the man's counsel, the total amount involved in the alleged scam was approximately Rs 4 crore and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the total Rs 35 lakh was attributed to his client. "For the purpose of bail and in the peculiar facts and circumstances of the case, we direct the appellant – herein to deposit an amount of Rs 35 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lakh with the trial court within a period of six months," the court said in a February 18 judgement. The bench felt "compelled" to impose such a condition in the nature of the case and said, "We ar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e conscious of the fact that we have been condemning the high courts when they impose such conditions..." The court however cautioned if the amount wasn't deposited within the stipulated six months, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bail would be "automatically cancelled". PTI PKS AMK X X X X Extracts X X X X X X X X Extracts X X X X
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